BidaskClub lowered shares of FLIR Systems, Inc. (NASDAQ:FLIR) from a sell rating to a strong sell rating in a research report report published on Wednesday.
A number of other analysts also recently issued reports on FLIR. Needham & Company LLC reissued a buy rating and set a $40.00 price target on shares of FLIR Systems in a report on Tuesday, February 21st. Imperial Capital downgraded shares of FLIR Systems from an outperform rating to an in-line rating and set a $38.00 price objective on the stock. in a report on Thursday, February 23rd. Finally, Zacks Investment Research downgraded shares of FLIR Systems from a buy rating to a hold rating in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. FLIR Systems presently has an average rating of Hold and a consensus price target of $36.63.
FLIR Systems (FLIR) remained flat at $35.31 on Wednesday. 652,230 shares of the company’s stock traded hands. The stock’s 50 day moving average is $37.05 and its 200 day moving average is $36.34. FLIR Systems has a 12 month low of $28.26 and a 12 month high of $38.94. The stock has a market capitalization of $4.82 billion, a P/E ratio of 23.52 and a beta of 0.49.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. FLIR Systems had a net margin of 12.32% and a return on equity of 13.58%. The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $408.57 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that FLIR Systems will post $1.85 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 26th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, May 24th. FLIR Systems’s payout ratio is 39.47%.
In other news, SVP Travis D. Merrill sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $37.23, for a total value of $148,920.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeffrey Frank sold 13,971 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $522,515.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,771 shares of company stock worth $2,625,195. Insiders own 3.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its position in FLIR Systems by 0.4% in the first quarter. Tyers Asset Management LLC now owns 17,664 shares of the scientific and technical instruments company’s stock valued at $641,000 after buying an additional 64 shares in the last quarter. Elkfork Partners LLC increased its position in FLIR Systems by 0.4% in the first quarter. Elkfork Partners LLC now owns 24,288 shares of the scientific and technical instruments company’s stock valued at $881,000 after buying an additional 88 shares in the last quarter. Arizona State Retirement System increased its position in FLIR Systems by 0.3% in the first quarter. Arizona State Retirement System now owns 33,722 shares of the scientific and technical instruments company’s stock valued at $1,223,000 after buying an additional 100 shares in the last quarter. Keybank National Association OH increased its position in FLIR Systems by 1.0% in the fourth quarter. Keybank National Association OH now owns 10,848 shares of the scientific and technical instruments company’s stock valued at $393,000 after buying an additional 109 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its position in FLIR Systems by 0.4% in the first quarter. Meadow Creek Investment Management LLC now owns 30,912 shares of the scientific and technical instruments company’s stock valued at $1,121,000 after buying an additional 112 shares in the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.
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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