Barometer Capital Management Inc. boosted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 1,049.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 220,638 shares of the scientific and technical instruments company’s stock after purchasing an additional 201,438 shares during the quarter. Barometer Capital Management Inc.’s holdings in FLIR Systems were worth $10,286,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLIR. Exane Derivatives purchased a new stake in FLIR Systems in the 4th quarter valued at $100,000. Twin Tree Management LP grew its holdings in FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after buying an additional 1,259 shares in the last quarter. Cerebellum GP LLC purchased a new stake in FLIR Systems in the 4th quarter valued at $119,000. Advisory Services Network LLC grew its holdings in FLIR Systems by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after buying an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems in the 4th quarter valued at $145,000. 90.32% of the stock is owned by hedge funds and other institutional investors.
FLIR has been the subject of several analyst reports. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, January 9th. SunTrust Banks upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, January 8th. Stephens set a $59.00 target price on FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Needham & Company LLC upped their target price on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $51.33.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $494.80 million during the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS. research analysts predict that FLIR Systems, Inc. will post 2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is 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 1.32%. FLIR Systems’s dividend payout ratio is currently 82.05%.
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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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