California State Teachers Retirement System raised its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,801 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,137 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of FLIR Systems worth $11,040,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in FLIR Systems by 2.8% during the fourth quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock worth $463,895,000 after purchasing an additional 274,312 shares in the last quarter. Earnest Partners LLC raised its holdings in FLIR Systems by 0.7% during the third quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock worth $83,409,000 after purchasing an additional 14,956 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in FLIR Systems by 4.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock worth $82,451,000 after purchasing an additional 90,956 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in FLIR Systems during the third quarter worth approximately $82,147,000. Finally, Eaton Vance Management raised its holdings in FLIR Systems by 6.9% during the fourth quarter. Eaton Vance Management now owns 1,812,964 shares of the scientific and technical instruments company’s stock worth $84,521,000 after purchasing an additional 117,146 shares in the last quarter. Institutional investors own 92.93% of the company’s stock.
FLIR has been the topic of a number of research analyst reports. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, January 8th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stephens set a $59.00 price objective on shares of FLIR Systems and gave the stock a “buy” rating in a report on Friday, February 16th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Finally, Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.86.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. analysts predict that FLIR Systems, Inc. will post 2.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s payout ratio 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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