FLIR Systems, Inc. (NASDAQ:FLIR) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $43.51 and last traded at $44.33, with a volume of 49257 shares. The stock had previously closed at $44.86.

Several analysts recently weighed in on FLIR shares. William Blair raised FLIR Systems from a “market perform” rating to an “outperform” rating in a report on Monday, August 20th. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research reissued a “sell” rating on shares of FLIR Systems in a report on Tuesday, November 13th. Imperial Capital cut FLIR Systems from an “outperform” rating to an “in-line” rating in a report on Friday, October 19th. Finally, Needham & Company LLC dropped their price target on FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $58.17.

The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 23.05 and a beta of 1.09. The company has a quick ratio of 3.04, a current ratio of 4.21 and a debt-to-equity ratio of 0.22.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $434.89 million during the quarter, compared to analysts’ expectations of $445.46 million. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. Equities research analysts anticipate that FLIR Systems, Inc. will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 23rd were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, November 21st. This represents a $0.64 annualized dividend and a yield of 1.48%. FLIR Systems’s dividend payout ratio is presently 34.04%.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction on Monday, October 15th. The stock was sold at an average price of $55.63, for a total value of $55,630.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLIR. Morgan Stanley raised its holdings in FLIR Systems by 217.7% in the 2nd quarter. Morgan Stanley now owns 957,781 shares of the scientific and technical instruments company’s stock valued at $49,776,000 after acquiring an additional 656,278 shares in the last quarter. Argent Capital Management LLC raised its holdings in FLIR Systems by 109.6% in the 2nd quarter. Argent Capital Management LLC now owns 1,230,485 shares of the scientific and technical instruments company’s stock valued at $63,948,000 after acquiring an additional 643,290 shares in the last quarter. Janus Henderson Group PLC raised its holdings in FLIR Systems by 846.8% in the 2nd quarter. Janus Henderson Group PLC now owns 633,637 shares of the scientific and technical instruments company’s stock valued at $32,930,000 after acquiring an additional 566,711 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in FLIR Systems by 23.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,101,834 shares of the scientific and technical instruments company’s stock valued at $109,232,000 after acquiring an additional 394,412 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in FLIR Systems by 2,171.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 399,346 shares of the scientific and technical instruments company’s stock valued at $24,548,000 after acquiring an additional 381,763 shares in the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

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FLIR Systems Company Profile (NASDAQ:FLIR)

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.

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