BidaskClub cut shares of FLIR Systems (NASDAQ:FLIR) from a hold rating to a sell rating in a research note issued to investors on Thursday.

A number of other research firms have also recently issued reports on FLIR. Robert W. Baird upgraded shares of FLIR Systems from a neutral rating to an outperform rating in a research note on Friday, January 25th. Zacks Investment Research upgraded shares of FLIR Systems from a sell rating to a hold rating in a research note on Monday, February 4th. Imperial Capital restated an in-line rating and set a $56.00 target price (up previously from $51.00) on shares of FLIR Systems in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Raymond James cut their target price on shares of FLIR Systems from $70.00 to $65.00 and set a strong-buy rating for the company in a research note on Friday, January 11th. Finally, SunTrust Banks raised 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $62.29.

NASDAQ FLIR opened at $47.54 on Thursday. The company has a quick ratio of 2.98, a current ratio of 4.09 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.44 billion, a PE ratio of 21.41 and a beta of 1.11. FLIR Systems has a 52-week low of $40.52 and a 52-week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $463.91 million. FLIR Systems had a net margin of 15.90% and a return on equity of 16.86%. FLIR Systems’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. As a group, equities research analysts expect that FLIR Systems will post 2.34 earnings per share for the current year.

The firm also recently disclosed 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 a boost from FLIR Systems’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, February 21st. This represents a $0.68 annualized dividend and a yield of 1.43%. FLIR Systems’s payout ratio is 30.63%.

In other FLIR Systems news, SVP Todd M. Duchene sold 7,566 shares of FLIR Systems stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $50.61, for a total value of $382,915.26. Following the completion of the sale, the senior vice president now owns 28,070 shares in the company, valued at approximately $1,420,622.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl R. Lewis sold 132,100 shares of FLIR Systems 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 sale, the director now owns 635,487 shares of the company’s stock, valued at approximately $33,115,227.57. The disclosure for this sale can be found here. Insiders sold a total of 283,778 shares of company stock valued at $14,651,805 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of FLIR. Robeco Institutional Asset Management B.V. raised its stake in FLIR Systems by 393.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 35,507 shares of the scientific and technical instruments company’s stock worth $2,182,000 after purchasing an additional 28,315 shares in the last quarter. Comerica Bank raised its stake in FLIR Systems by 56.4% in the 3rd quarter. Comerica Bank now owns 54,759 shares of the scientific and technical instruments company’s stock worth $3,041,000 after purchasing an additional 19,752 shares in the last quarter. SG Americas Securities LLC raised its stake in FLIR Systems by 165.6% in the 3rd quarter. SG Americas Securities LLC now owns 62,917 shares of the scientific and technical instruments company’s stock worth $3,868,000 after purchasing an additional 39,231 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in FLIR Systems by 4.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 469,912 shares of the scientific and technical instruments company’s stock worth $28,885,000 after purchasing an additional 20,785 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in FLIR Systems by 17.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 335,513 shares of the scientific and technical instruments company’s stock worth $20,624,000 after purchasing an additional 49,690 shares in the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

Featured Article: Sell-Side Analysts

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.