State of Tennessee Treasury Department lessened its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,624 shares of the scientific and technical instruments company’s stock after selling 8,267 shares during the quarter. State of Tennessee Treasury Department’s holdings in FLIR Systems were worth $2,500,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Exane Derivatives bought a new stake in FLIR Systems during the fourth quarter worth about $100,000. Twin Tree Management LP raised its holdings in FLIR Systems by 110.0% in the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after buying an additional 1,259 shares during the last quarter. Cerebellum GP LLC purchased a new position in FLIR Systems in the fourth quarter worth about $119,000. Advisory Services Network LLC raised its holdings in FLIR Systems by 1,238.8% in the fourth quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after buying an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in FLIR Systems in the fourth quarter worth about $145,000. 92.96% of the stock is currently owned by institutional investors and hedge funds.
FLIR Systems, Inc. (NASDAQ:FLIR) traded down $0.72 during trading hours on Wednesday, hitting $50.65. 843,891 shares of the stock were exchanged, compared to its average volume of 1,037,496. The company has a market cap of $7,059.90, a PE ratio of 64.94 and a beta of 0.68. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23. FLIR Systems, Inc. has a twelve month low of $33.95 and a twelve month high of $52.88.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $494.80 million during the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. FLIR Systems’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. equities analysts expect that FLIR Systems, Inc. will post 2.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.16 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.26%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is currently 82.05%.
A number of analysts have commented on FLIR shares. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price target (up from $56.00) on shares of FLIR Systems in a research report on Monday. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stephens set a $59.00 target price on shares of FLIR Systems and gave the company a “buy” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $51.67.
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About FLIR Systems
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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