Delta Lloyd Asset Management N.V. Acquires New Holdings in FLIR Systems, Inc. (NASDAQ:FLIR)

Delta Lloyd Asset Management N.V. acquired a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,815 shares of the scientific and technical instruments company’s stock, valued at approximately $479,000.

Other hedge funds have also recently modified their holdings of the company. KBC Group NV raised its holdings in FLIR Systems by 17.4% during the first quarter. KBC Group NV now owns 16,107 shares of the scientific and technical instruments company’s stock worth $584,000 after purchasing an additional 2,389 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in FLIR Systems by 253.7% during the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after purchasing an additional 573,103 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in FLIR Systems by 5.2% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock worth $70,283,000 after purchasing an additional 100,971 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in FLIR Systems by 0.8% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 656,698 shares of the scientific and technical instruments company’s stock worth $23,825,000 after purchasing an additional 5,089 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in FLIR Systems by 1,749.1% during the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after purchasing an additional 8,314,071 shares during the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ FLIR) opened at 39.11 on Friday. The stock has a 50 day moving average price of $37.86 and a 200-day moving average price of $36.87. The firm has a market capitalization of $5.37 billion, a PE ratio of 25.22 and a beta of 0.60. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $39.50.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to analyst estimates of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. On average, equities research analysts forecast that FLIR Systems, Inc. will post $1.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, August 23rd. FLIR Systems’s dividend payout ratio is presently 38.46%.

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Several brokerages recently issued reports on FLIR. Needham & Company LLC lifted their price objective on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Monday, July 10th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $38.38.

In other news, Director Earl R. Lewis sold 11,587 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.27, for a total value of $431,847.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 292,907 shares of company stock valued at $11,191,737. Corporate insiders own 3.00% of the company’s stock.

FLIR Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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