Employees Retirement System of Texas lifted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,200 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,000 shares during the quarter. Employees Retirement System of Texas owned 0.14% of FLIR Systems worth $6,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in FLIR Systems by 1,749.1% during the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after buying an additional 8,314,071 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of FLIR Systems by 109.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock valued at $44,267,000 after buying an additional 668,598 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of FLIR Systems by 253.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after buying an additional 573,103 shares in the last quarter. Marshall Wace North America L.P. raised its stake in shares of FLIR Systems by 2,905.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 572,445 shares of the scientific and technical instruments company’s stock valued at $20,035,000 after buying an additional 553,397 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of FLIR Systems by 216.3% in the 1st quarter. Alliancebernstein L.P. now owns 765,949 shares of the scientific and technical instruments company’s stock valued at $27,789,000 after buying an additional 523,760 shares in the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.

In other news, Director Earl R. Lewis sold 11,587 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total value of $431,847.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction that occurred 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. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

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FLIR Systems, Inc. (FLIR) opened at 41.11 on Wednesday. The company has a market capitalization of $5.64 billion, a P/E ratio of 26.51 and a beta of 0.60. The company’s 50-day moving average is $38.71 and its 200 day moving average is $37.17. FLIR Systems, Inc. has a one year low of $28.26 and a one year high of $41.46.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to the consensus estimate of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. FLIR Systems’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Analysts predict that FLIR Systems, Inc. will post $1.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. FLIR Systems’s payout ratio is 38.46%.

Several analysts have recently weighed in on FLIR shares. BidaskClub upgraded shares of FLIR Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Monday, July 10th. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research note on Monday, July 10th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Stephens began coverage on FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $38.71.

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.

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

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