Sei Investments Co. raised its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 499.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,866 shares of the scientific and technical instruments company’s stock after buying an additional 13,220 shares during the period. Sei Investments Co.’s holdings in FLIR Systems were worth $576,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in FLIR. State Street Corp raised its stake in shares of FLIR Systems by 1.6% in the fourth quarter. State Street Corp now owns 5,385,841 shares of the scientific and technical instruments company’s stock worth $194,912,000 after buying an additional 83,667 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of FLIR Systems by 26.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,926,793 shares of the scientific and technical instruments company’s stock worth $69,904,000 after buying an additional 406,331 shares during the last quarter. Norges Bank acquired a new stake in shares of FLIR Systems during the fourth quarter worth approximately $57,136,000. Dimensional Fund Advisors LP raised its stake in shares of FLIR Systems by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,222,156 shares of the scientific and technical instruments company’s stock worth $44,231,000 after buying an additional 33,727 shares during the last quarter. Finally, Fenimore Asset Management Inc. raised its stake in shares of FLIR Systems by 0.4% in the first quarter. Fenimore Asset Management Inc. now owns 1,138,182 shares of the scientific and technical instruments company’s stock worth $41,293,000 after buying an additional 4,334 shares during the last quarter. 92.19% of the stock is owned by institutional investors.
FLIR Systems, Inc. (NASDAQ:FLIR) opened at 35.31 on Thursday. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 23.52 and a beta of 0.49. The firm’s 50-day moving average price is $37.05 and its 200 day moving average price is $36.34. FLIR Systems, Inc. has a 12 month low of $28.26 and a 12 month high of $38.94.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. FLIR Systems had a return on equity of 13.58% and a net margin of 12.32%. The business had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $408.57 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that FLIR Systems, Inc. will post $1.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 26th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Wednesday, May 24th. FLIR Systems’s dividend payout ratio is 39.47%.
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A number of analysts recently commented on FLIR shares. BidaskClub lowered FLIR Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, Imperial Capital lowered FLIR Systems from an “outperform” rating to an “in-line” rating and set a $38.00 price objective for the company. in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. FLIR Systems presently has a consensus rating of “Hold” and an average price target of $36.63.
In other FLIR Systems news, VP Jeffrey Frank sold 13,971 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $37.40, for a total value of $522,515.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Travis D. Merrill sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $37.23, for a total value of $148,920.00. The disclosure for this sale can be found here. Insiders sold a total of 71,771 shares of company stock valued at $2,625,195 over the last quarter. Company 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.
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