LMR Partners LLP purchased a new stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,447 shares of the scientific and technical instruments company’s stock, valued at approximately $368,000.

Other large investors have also recently modified their holdings of the company. Calamos Advisors LLC grew its holdings in FLIR Systems by 17.6% during the 4th quarter. Calamos Advisors LLC now owns 92,603 shares of the scientific and technical instruments company’s stock valued at $4,032,000 after purchasing an additional 13,865 shares during the last quarter. Brown Advisory Inc. grew its holdings in FLIR Systems by 26.0% during the 3rd quarter. Brown Advisory Inc. now owns 53,905 shares of the scientific and technical instruments company’s stock valued at $3,314,000 after purchasing an additional 11,136 shares during the last quarter. Man Group plc grew its holdings in FLIR Systems by 160.4% during the 3rd quarter. Man Group plc now owns 59,154 shares of the scientific and technical instruments company’s stock valued at $3,637,000 after purchasing an additional 36,439 shares during the last quarter. Trexquant Investment LP bought a new position in FLIR Systems during the 3rd quarter valued at about $249,000. Finally, Atlas Capital Advisors LLC grew its holdings in FLIR Systems by 493.0% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock valued at $122,000 after purchasing an additional 2,332 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

Shares of FLIR stock opened at $50.14 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.98 and a current ratio of 4.09. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 22.59 and a beta of 1.11. FLIR Systems, Inc. has a one year low of $40.52 and a one year high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $448.50 million for the quarter, compared to the consensus estimate of $463.91 million. FLIR Systems had a net margin of 15.90% and a return on equity of 16.86%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. On average, equities analysts forecast that FLIR Systems, Inc. will post 2.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were paid a $0.17 dividend. This is an increase from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, February 21st. FLIR Systems’s dividend payout ratio is currently 30.63%.

In other FLIR Systems news, SVP Todd M. Duchene sold 8,544 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $50.33, for a total value of $430,019.52. Following the transaction, the senior vice president now directly owns 24,526 shares in the company, valued at approximately $1,234,393.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Earl R. Lewis sold 132,100 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the completion of the transaction, the director now owns 635,487 shares in the company, valued at $33,115,227.57. The disclosure for this sale can be found here. Insiders sold a total of 283,778 shares of company stock worth $14,651,805 over the last 90 days. Insiders own 2.00% of the company’s stock.

Several brokerages recently commented on FLIR. BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Imperial Capital reiterated an “in-line” rating and set a $56.00 price target (up from $51.00) on shares of FLIR Systems in a report on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, SunTrust Banks upped their target price on shares of FLIR Systems to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $62.29.

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FLIR Systems Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

Further Reading: Why is Cost of Capital Important?

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

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