Financial Engines Advisors L.L.C. decreased its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 66.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,427 shares of the scientific and technical instruments company’s stock after selling 10,847 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in FLIR Systems were worth $211,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FLIR. Commonwealth Bank of Australia grew its stake in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 400 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of FLIR Systems during the second quarter valued at approximately $116,000. ETF Managers Group LLC bought a new position in shares of FLIR Systems during the second quarter valued at approximately $171,000. Sei Investments Co. grew its stake in shares of FLIR Systems by 76.3% during the third quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock valued at $175,000 after buying an additional 1,951 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of FLIR Systems during the first quarter valued at approximately $203,000. 89.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FLIR Systems, Inc. (FLIR) traded down $0.02 during midday trading on Wednesday, hitting $47.09. The company had a trading volume of 712,700 shares, compared to its average volume of 953,221. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6,520.00, a price-to-earnings ratio of 25.89 and a beta of 0.63. FLIR Systems, Inc. has a 12-month low of $33.75 and a 12-month high of $48.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. FLIR Systems’s payout ratio is 37.97%.
In other FLIR Systems news, SVP Todd M. Duchene sold 9,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $47.00, for a total transaction of $423,000.00. Following the completion of the sale, the senior vice president now owns 29,767 shares in the company, valued at $1,399,049. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian E. Harding sold 1,836 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The disclosure for this sale can be found here. Insiders sold 283,356 shares of company stock valued at $11,034,806 in the last quarter. 3.00% of the stock is owned by company insiders.
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FLIR has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Raymond James Financial, Inc. upped their target price on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research note on Tuesday, October 24th. Finally, BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.33.
FLIR Systems 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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