Advisors Preferred LLC acquired a new stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,064 shares of the scientific and technical instruments company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLIR. Vanguard Group Inc. grew its position in FLIR Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 13,611,660 shares of the scientific and technical instruments company’s stock worth $471,779,000 after acquiring an additional 285,535 shares in the last quarter. BlackRock Inc. grew its position in FLIR Systems by 6.6% in the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after acquiring an additional 576,951 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in FLIR Systems by 153.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after acquiring an additional 1,841,965 shares in the last quarter. Earnest Partners LLC grew its position in FLIR Systems by 4.4% in the second quarter. Earnest Partners LLC now owns 2,128,673 shares of the scientific and technical instruments company’s stock worth $73,780,000 after acquiring an additional 90,335 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its position in FLIR Systems by 5.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock worth $70,283,000 after acquiring an additional 100,971 shares in the last quarter. 91.73% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms have commented on FLIR. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Thursday, October 26th. BidaskClub downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Robert W. Baird reissued a “hold” rating and issued a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and three have given a strong buy rating to the company. FLIR Systems currently has a consensus rating of “Buy” and a consensus target price of $46.33.

FLIR Systems, Inc. (NASDAQ FLIR) traded up $0.25 during midday trading on Friday, hitting $46.97. 904,091 shares of the company traded hands, compared to its average volume of 1,367,870. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The company has a market cap of $6,508.82, a P/E ratio of 25.81 and a beta of 0.63. FLIR Systems, Inc. has a fifty-two week low of $31.81 and a fifty-two week high of $48.06.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. FLIR Systems’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. sell-side analysts anticipate that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is currently 37.74%.

In related news, VP Brian E. Harding sold 1,836 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the transaction, the vice president now directly owns 6,646 shares in the company, valued at approximately $311,697.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Thomas A. Surran sold 261,320 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,356 shares of company stock valued at $11,799,206. 3.00% of the stock is owned by insiders.

FLIR Systems 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.

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

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