Bbva Compass Bancshares Inc. lowered its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,289 shares of the scientific and technical instruments company’s stock after selling 2,159 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in FLIR Systems were worth $852,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Carillon Tower Advisers Inc. acquired a new position in shares of FLIR Systems in the 4th quarter valued at $28,806,000. Ramsey Quantitative Systems acquired a new position in shares of FLIR Systems in the 4th quarter valued at $239,000. Eaton Vance Management lifted its stake in shares of FLIR Systems by 6.9% in the 4th quarter. Eaton Vance Management now owns 1,812,964 shares of the scientific and technical instruments company’s stock valued at $84,521,000 after purchasing an additional 117,146 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of FLIR Systems by 21.7% in the 4th quarter. OppenheimerFunds Inc. now owns 291,008 shares of the scientific and technical instruments company’s stock valued at $13,567,000 after purchasing an additional 51,935 shares during the period. Finally, First Republic Investment Management Inc. lifted its stake in shares of FLIR Systems by 13.5% in the 4th quarter. First Republic Investment Management Inc. now owns 11,162 shares of the scientific and technical instruments company’s stock valued at $520,000 after purchasing an additional 1,327 shares during the period. 90.32% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on FLIR. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Needham & Company LLC increased their price target on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, January 8th. Finally, Stephens set a $59.00 price objective on FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.33.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. analysts expect that FLIR Systems, Inc. will post 2.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is presently 82.05%.
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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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