Mondrian Investment Partners LTD reduced its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,998 shares of the scientific and technical instruments company’s stock after selling 27,934 shares during the quarter. Mondrian Investment Partners LTD’s holdings in FLIR Systems were worth $3,123,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. AustralianSuper Pty Ltd bought a new position in FLIR Systems in the 3rd quarter valued at approximately $82,147,000. Cramer Rosenthal Mcglynn LLC lifted its position in FLIR Systems by 153.9% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock valued at $105,326,000 after acquiring an additional 1,841,965 shares in the last quarter. Permian Investment Partners LP bought a new position in FLIR Systems in the 3rd quarter valued at approximately $59,964,000. Findlay Park Partners LLP lifted its position in FLIR Systems by 38.3% in the 3rd quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock valued at $84,240,000 after acquiring an additional 600,000 shares in the last quarter. Finally, BlackRock Inc. lifted its position in FLIR Systems by 6.6% in the 2nd quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock valued at $324,639,000 after acquiring an additional 576,951 shares in the last quarter. 92.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FLIR Systems, Inc. (FLIR) opened at $51.35 on Friday. The firm has a market cap of $7,046.50, a price-to-earnings ratio of 32.30 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. FLIR Systems, Inc. has a 12 month low of $33.75 and a 12 month high of $51.39.
Several equities analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial boosted their target price on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.83.
In other 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 value of $423,000.00. Following the completion of the sale, the senior vice president now directly owns 29,767 shares in the company, valued at approximately $1,399,049. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the vice president now owns 6,646 shares of the company’s stock, valued at $311,697.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,036 shares of company stock valued at $1,039,316. Company insiders own 3.00% of the company’s stock.
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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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