Bluestein R H & Co. raised its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 359.4% during the fourth quarter, Holdings Channel reports. The firm owned 34,500 shares of the company’s stock after buying an additional 26,990 shares during the period. Bluestein R H & Co.’s holdings in FLIR Systems were worth $1,249,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of FLIR. Pitcairn Co. raised its position in shares of FLIR Systems by 0.9% in the fourth quarter. Pitcairn Co. now owns 10,379 shares of the company’s stock worth $376,000 after buying an additional 90 shares during the period. Advisor Group Inc. raised its position in shares of FLIR Systems by 0.7% in the third quarter. Advisor Group Inc. now owns 14,276 shares of the company’s stock worth $450,000 after buying an additional 98 shares during the period. Arizona State Retirement System raised its position in shares of FLIR Systems by 0.3% in the third quarter. Arizona State Retirement System now owns 33,822 shares of the company’s stock worth $1,063,000 after buying an additional 100 shares during the period. Keybank National Association OH raised its position in shares of FLIR Systems by 1.0% in the fourth quarter. Keybank National Association OH now owns 10,848 shares of the company’s stock worth $393,000 after buying an additional 109 shares during the period. Finally, Norinchukin Bank The raised its position in shares of FLIR Systems by 1.8% in the third quarter. Norinchukin Bank The now owns 7,350 shares of the company’s stock worth $231,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 90.79% of the company’s stock.
FLIR Systems, Inc. (NASDAQ:FLIR) traded down 6.18% during mid-day trading on Tuesday, reaching $34.15. 3,548,158 shares of the company traded hands. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 26.85 and a beta of 0.52. The company’s 50-day moving average is $35.69 and its 200-day moving average is $33.29. FLIR Systems, Inc. has a 12-month low of $27.98 and a 12-month high of $37.22.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Tuesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The firm earned $474.70 million during the quarter, compared to analysts’ expectations of $453.63 million. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Equities analysts predict that FLIR Systems, Inc. will post $1.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.12. FLIR Systems’s dividend payout ratio is 37.50%.
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A number of brokerages recently issued reports on FLIR. Raymond James Financial, Inc. lowered shares of FLIR Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th. SunTrust Banks, Inc. assumed coverage on shares of FLIR Systems in a report on Thursday, January 19th. They set a “hold” rating and a $35.00 price target for the company. Robert W. Baird restated a “neutral” rating and set a $34.00 price target on shares of FLIR Systems in a report on Friday, January 20th. Finally, Needham & Company LLC raised their price target on shares of FLIR Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.40.
About FLIR Systems
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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