Earnest Partners LLC reduced its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,127,296 shares of the scientific and technical instruments company’s stock after selling 16,333 shares during the quarter. Earnest Partners LLC’s holdings in FLIR Systems were worth $99,175,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of FLIR. Aperio Group LLC grew its holdings in FLIR Systems by 3.7% in the 3rd quarter. Aperio Group LLC now owns 39,972 shares of the scientific and technical instruments company’s stock valued at $1,555,000 after buying an additional 1,408 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in FLIR Systems by 30.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 31,304 shares of the scientific and technical instruments company’s stock valued at $1,218,000 after buying an additional 7,230 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in FLIR Systems in the 3rd quarter valued at $351,000. Victory Capital Management Inc. grew its holdings in FLIR Systems by 14.1% in the 3rd quarter. Victory Capital Management Inc. now owns 49,293 shares of the scientific and technical instruments company’s stock valued at $1,918,000 after buying an additional 6,089 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in FLIR Systems by 7.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 37,700 shares of the scientific and technical instruments company’s stock valued at $1,467,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 92.96% of the company’s stock.
FLIR Systems, Inc. (FLIR) opened at $51.54 on Monday. The firm has a market capitalization of $7,159.92, a price-to-earnings ratio of 66.08 and a beta of 0.68. The company has a current ratio of 3.51, a quick ratio of 2.57 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.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 22nd. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.24%. FLIR Systems’s dividend payout ratio is currently 82.05%.
Several analysts have issued reports on the company. Needham & Company LLC upped their target price on FLIR Systems from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, March 3rd. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stephens set a $59.00 price target on FLIR Systems and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems has a consensus rating of “Buy” and an average target price of $51.67.
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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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