Ameriprise Financial Inc. grew its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,144 shares of the scientific and technical instruments company’s stock after buying an additional 4,925 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.20% of FLIR Systems worth $10,625,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FLIR. Cramer Rosenthal Mcglynn LLC lifted its position in FLIR Systems by 153.9% during the 2nd 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 buying an additional 1,841,965 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in FLIR Systems by 109.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock worth $44,267,000 after buying an additional 668,598 shares in the last quarter. BlackRock Inc. lifted its position in FLIR Systems by 6.6% during the 2nd quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after buying an additional 576,951 shares in the last quarter. Eagle Asset Management Inc. lifted its position in FLIR Systems by 253.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after buying an additional 573,103 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in FLIR Systems by 117.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock worth $36,070,000 after buying an additional 561,643 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on FLIR. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Raymond James Financial upped their target price on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 target price on shares of FLIR Systems in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.33.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $47.47 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6,565.65, a PE ratio of 26.03 and a beta of 0.62. FLIR Systems, Inc. has a fifty-two week low of $33.75 and a fifty-two week high of $48.43.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were issued a $0.15 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.26%. FLIR Systems’s dividend payout ratio is currently 37.74%.

In other FLIR Systems news, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.00, for a total value of $423,000.00. Following the transaction, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at approximately $1,399,049. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $530,208.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,036 shares of company stock worth $1,039,316. Insiders own 3.00% of the company’s stock.

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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 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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