Royce & Associates LP lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 7.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,413,100 shares of the company’s stock after selling 109,275 shares during the period. Royce & Associates LP’s holdings in FLIR Systems were worth $51,140,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Keybank National Association OH increased its stake in 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 in the last quarter. Mandatum Life Insurance Co Ltd acquired a new position in shares of FLIR Systems during the fourth quarter worth about $448,000. Dimensional Fund Advisors LP boosted its position in shares of FLIR Systems by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,222,156 shares of the company’s stock worth $44,231,000 after buying an additional 33,727 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of FLIR Systems by 55.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 13,494 shares of the company’s stock worth $488,000 after buying an additional 4,818 shares during the last quarter. Finally, State Street Corp boosted its position in shares of FLIR Systems by 1.6% in the fourth quarter. State Street Corp now owns 5,385,841 shares of the company’s stock worth $194,912,000 after buying an additional 83,667 shares during the last quarter. 90.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded down 6.18% on Tuesday, hitting $34.15. 3,546,666 shares of the stock traded hands. The stock has a 50-day moving average price of $35.73 and a 200 day moving average price of $33.27. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 26.85 and a beta of 0.52. 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 quarterly earnings data on Tuesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.02. FLIR Systems had a net margin of 10.79% and a return on equity of 12.80%. The company had revenue of $474.70 million for the quarter, compared to the consensus estimate of $453.63 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that FLIR Systems, Inc. will post $1.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.12. FLIR Systems’s payout ratio is currently 37.50%.
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FLIR has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Imperial Capital cut their price objective on shares of FLIR Systems from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. SunTrust Banks, Inc. initiated coverage on shares of FLIR Systems in a research report on Thursday, January 19th. They issued a “hold” rating and a $35.00 price objective for the company. Robert W. Baird reissued a “neutral” rating and issued a $34.00 price objective on shares of FLIR Systems in a research report on Friday, January 20th. Finally, Needham & Company LLC boosted their price objective on shares of FLIR Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, December 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.40.
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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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