FLIR Systems, Inc. (NASDAQ:FLIR) VP Brian E. Harding sold 3,625 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $52.48, for a total transaction of $190,240.00. Following the completion of the sale, the vice president now directly owns 8,876 shares of the company’s stock, valued at $465,812.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

FLIR stock traded up $0.23 on Thursday, hitting $53.47. 7,431 shares of the company’s stock traded hands, compared to its average volume of 714,083. FLIR Systems, Inc. has a 1-year low of $40.52 and a 1-year high of $62.72. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 24.08 and a beta of 1.17. The stock has a fifty day moving average of $49.09 and a 200-day moving average of $50.49. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. FLIR Systems had a net margin of 15.44% and a return on equity of 16.56%. The business had revenue of $482.00 million during the quarter, compared to analyst estimates of $478.42 million. During the same period in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that FLIR Systems, Inc. will post 2.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, August 22nd. FLIR Systems’s dividend payout ratio is presently 30.63%.

A number of hedge funds have recently added to or reduced their stakes in FLIR. Geode Capital Management LLC lifted its stake in FLIR Systems by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock valued at $94,034,000 after purchasing an additional 122,436 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of FLIR Systems by 2,964.4% during the first quarter. Victory Capital Management Inc. now owns 62,361 shares of the scientific and technical instruments company’s stock valued at $2,967,000 after acquiring an additional 60,326 shares during the period. Stephens Inc. AR raised its holdings in shares of FLIR Systems by 31.8% during the first quarter. Stephens Inc. AR now owns 3,743 shares of the scientific and technical instruments company’s stock valued at $178,000 after acquiring an additional 903 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of FLIR Systems by 4.1% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,710 shares of the scientific and technical instruments company’s stock valued at $605,000 after acquiring an additional 499 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of FLIR Systems by 15.9% during the first quarter. Toronto Dominion Bank now owns 88,567 shares of the scientific and technical instruments company’s stock valued at $4,213,000 after acquiring an additional 12,146 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

FLIR has been the subject of a number of research analyst reports. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. BidaskClub raised shares of FLIR Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Berenberg Bank initiated coverage on shares of FLIR Systems in a research note on Friday, September 6th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Imperial Capital raised shares of FLIR Systems from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Two 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. FLIR Systems currently has a consensus rating of “Buy” and a consensus target price of $60.40.

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.

Further Reading: The limitations of an equal weight rating

Insider Buying and Selling by Quarter for FLIR Systems (NASDAQ:FLIR)

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