Stephens Investment Management Group LLC Grows Position in FLIR Systems, Inc. (NASDAQ:FLIR)

Stephens Investment Management Group LLC raised its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,269,776 shares of the scientific and technical instruments company’s stock after buying an additional 17,290 shares during the quarter. FLIR Systems comprises 1.3% of Stephens Investment Management Group LLC’s portfolio, making the stock its 12th biggest holding. Stephens Investment Management Group LLC’s holdings in FLIR Systems were worth $68,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Executive Wealth Management LLC raised its position in FLIR Systems by 13.2% during the 2nd quarter. Executive Wealth Management LLC now owns 30,151 shares of the scientific and technical instruments company’s stock valued at $1,631,000 after purchasing an additional 3,523 shares in the last quarter. Stephens Inc. AR raised its position in shares of FLIR Systems by 6.3% in the 2nd quarter. Stephens Inc. AR now owns 3,978 shares of the scientific and technical instruments company’s stock worth $215,000 after acquiring an additional 235 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of FLIR Systems by 108.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 44,572 shares of the scientific and technical instruments company’s stock worth $2,408,000 after acquiring an additional 23,174 shares in the last quarter. TD Asset Management Inc. raised its position in shares of FLIR Systems by 6.7% in the 2nd quarter. TD Asset Management Inc. now owns 54,554 shares of the scientific and technical instruments company’s stock worth $2,951,000 after acquiring an additional 3,441 shares in the last quarter. Finally, Emerald Advisers LLC raised its position in shares of FLIR Systems by 113.6% in the 2nd quarter. Emerald Advisers LLC now owns 11,710 shares of the scientific and technical instruments company’s stock worth $634,000 after acquiring an additional 6,229 shares in the last quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Several research analysts have recently commented on FLIR shares. Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $57.00 in a research report on Wednesday, May 22nd. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, BidaskClub lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. FLIR Systems has an average rating of “Buy” and an average target price of $60.50.

Shares of FLIR stock traded down $0.19 on Thursday, hitting $45.71. The company had a trading volume of 17,876 shares, compared to its average volume of 1,066,014. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 20.59 and a beta of 1.17. The company’s 50-day simple moving average is $51.90. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. FLIR Systems, Inc. has a twelve month low of $40.52 and a twelve month high of $63.88.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $482.00 million during the quarter, compared to analysts’ expectations of $478.42 million. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. FLIR Systems’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. As a group, sell-side analysts predict that FLIR Systems, Inc. will post 2.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be issued a $0.17 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.49%. FLIR Systems’s payout ratio is 30.63%.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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