FLIR Systems, Inc. (FLIR) Shares Bought by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC boosted its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 153.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,038,846 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,841,965 shares during the quarter. FLIR Systems comprises approximately 1.6% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 7th largest holding. Cramer Rosenthal Mcglynn LLC owned about 2.21% of FLIR Systems worth $105,326,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Empire Life Investments Inc. increased its stake in FLIR Systems by 0.8% during the 1st quarter. Empire Life Investments Inc. now owns 719,372 shares of the scientific and technical instruments company’s stock valued at $26,098,000 after purchasing an additional 5,754 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in FLIR Systems by 7.6% during the first quarter. UBS Asset Management Americas Inc. now owns 357,096 shares of the scientific and technical instruments company’s stock worth $12,955,000 after buying an additional 25,119 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of FLIR Systems in the first quarter valued at $1,361,000. Sei Investments Co. lifted its stake in shares of FLIR Systems by 499.6% in the first quarter. Sei Investments Co. now owns 15,866 shares of the scientific and technical instruments company’s stock valued at $576,000 after buying an additional 13,220 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of FLIR Systems by 29.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,114 shares of the scientific and technical instruments company’s stock valued at $367,000 after buying an additional 2,310 shares in the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.
Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded down 0.85% during mid-day trading on Tuesday, hitting $40.65. 314,081 shares of the stock traded hands. The company’s 50-day moving average price is $38.62 and its 200 day moving average price is $37.14. The company has a market capitalization of $5.58 billion, a PE ratio of 26.21 and a beta of 0.60. FLIR Systems, Inc. has a 1-year low of $28.26 and a 1-year high of $41.17.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts forecast that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is presently 38.46%.
In other FLIR Systems news, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total value of $764,400.00. Following the sale, the director now directly owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 292,907 shares of company stock valued at $11,191,737. 3.00% of the stock is owned by corporate insiders.
A number of research analysts have recently issued reports on FLIR shares. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Monday, July 10th. Finally, Stephens initiated coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $38.38.
FLIR Systems Profile
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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