TIAA CREF Investment Management LLC increased its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 763,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 19,975 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.55% of FLIR Systems worth $35,571,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in FLIR. Exane Derivatives acquired a new position in FLIR Systems during the fourth quarter worth $100,000. Twin Tree Management LP grew its holdings in FLIR Systems by 110.0% during the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after acquiring an additional 1,259 shares during the period. Cerebellum GP LLC acquired a new position in FLIR Systems during the fourth quarter worth $119,000. Advisory Services Network LLC grew its holdings in FLIR Systems by 1,238.8% during the fourth quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after acquiring an additional 2,490 shares during the period. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems during the fourth quarter worth $145,000. 92.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FLIR Systems stock opened at $49.19 on Friday. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6,833.47, a price-to-earnings ratio of 26.16 and a beta of 0.68. FLIR Systems, Inc. has a 12-month low of $33.95 and a 12-month high of $52.88.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a $0.16 dividend. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s dividend payout ratio is currently 82.05%.
A number of research firms have commented on FLIR. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Needham & Company LLC boosted their target price on FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Imperial Capital boosted their target price on FLIR Systems from $38.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, SunTrust Banks upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, January 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.86.
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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