FLIR Systems, Inc. (FLIR) Position Boosted by Stephens Inc. AR

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Stephens Inc. AR lifted its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,840 shares of the scientific and technical instruments company’s stock after purchasing an additional 673 shares during the period. Stephens Inc. AR’s holdings in FLIR Systems were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in FLIR. Janus Henderson Group PLC increased its stake in shares of FLIR Systems by 61.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,023,772 shares of the scientific and technical instruments company’s stock valued at $62,931,000 after purchasing an additional 390,135 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in FLIR Systems by 2,171.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 399,346 shares of the scientific and technical instruments company’s stock worth $24,548,000 after buying an additional 381,763 shares during the last quarter. Fenimore Asset Management Inc. boosted its holdings in FLIR Systems by 29.1% in the 4th quarter. Fenimore Asset Management Inc. now owns 1,428,791 shares of the scientific and technical instruments company’s stock worth $62,210,000 after buying an additional 322,158 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in FLIR Systems by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock worth $147,281,000 after buying an additional 292,141 shares during the last quarter. Finally, Vanguard Group Inc boosted its holdings in FLIR Systems by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock worth $911,374,000 after buying an additional 290,026 shares during the last quarter. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Several equities research analysts recently issued reports on FLIR shares. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a report on Saturday, December 22nd. Raymond James lowered their price objective on FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a report on Friday, January 11th. Zacks Investment Research cut FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Robert W. Baird upgraded FLIR Systems from a “neutral” rating to an “outperform” rating in a report on Friday, January 25th. Finally, ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. FLIR Systems has an average rating of “Buy” and an average price target of $62.29.

In other news, SVP Todd M. Duchene sold 7,566 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $50.61, for a total transaction of $382,915.26. Following the transaction, the senior vice president now directly owns 28,070 shares in the company, valued at approximately $1,420,622.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Todd M. Duchene sold 8,544 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $50.33, for a total value of $430,019.52. Following the transaction, the senior vice president now owns 24,526 shares in the company, valued at $1,234,393.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,488 shares of company stock worth $13,572,838. Insiders own 2.00% of the company’s stock.

Shares of FLIR Systems stock traded up $0.05 on Friday, hitting $50.59. 3,962 shares of the company were exchanged, compared to its average volume of 953,748. The stock has a market cap of $6.86 billion, a P/E ratio of 22.73 and a beta of 1.11. FLIR Systems, Inc. has a 1-year low of $40.52 and a 1-year high of $63.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.09 and a quick ratio of 2.98.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $448.50 million for the quarter, compared to analysts’ expectations of $463.91 million. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. As a group, research analysts expect that FLIR Systems, Inc. will post 2.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were issued a dividend of $0.17 per share. This is a boost from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, February 21st. FLIR Systems’s payout ratio is currently 30.63%.

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FLIR Systems Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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