Private Trust Co. NA lifted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 44.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,564 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,094 shares during the quarter. Private Trust Co. NA’s holdings in FLIR Systems were worth $593,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sigma Planning Corp purchased a new stake in shares of FLIR Systems during the second quarter worth about $272,000. Sei Investments Co. increased its position in shares of FLIR Systems by 10.1% during the second quarter. Sei Investments Co. now owns 143,524 shares of the scientific and technical instruments company’s stock worth $5,838,000 after acquiring an additional 13,190 shares during the last quarter. Signaturefd LLC increased its position in shares of FLIR Systems by 223.8% during the second quarter. Signaturefd LLC now owns 667 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 461 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of FLIR Systems during the second quarter worth about $1,105,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of FLIR Systems during the second quarter worth about $653,000. 88.43% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:FLIR opened at $35.49 on Friday. The firm has a market capitalization of $4.65 billion, a PE ratio of 33.80 and a beta of 1.45. The stock has a 50 day moving average of $35.78 and a 200-day moving average of $38.94. FLIR Systems, Inc. has a 52 week low of $23.85 and a 52 week high of $59.44. The company has a current ratio of 2.03, a quick ratio of 1.29 and a debt-to-equity ratio of 0.37.
FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Thursday, August 6th. The scientific and technical instruments company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.13. The company had revenue of $482.00 million during the quarter, compared to analyst estimates of $480.02 million. FLIR Systems had a return on equity of 16.45% and a net margin of 7.42%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, analysts predict that FLIR Systems, Inc. will post 2.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a dividend of $0.17 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.92%. FLIR Systems’s dividend payout ratio is presently 30.49%.
FLIR has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on FLIR Systems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 16th. BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Wednesday, September 23rd. Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating in a report on Friday, July 24th. William Blair reissued a “buy” rating on shares of FLIR Systems in a report on Wednesday, June 17th. Finally, Canaccord Genuity reissued a “buy” rating on shares of FLIR Systems in a report on Thursday, August 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $50.00.
About FLIR Systems
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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