Quantbot Technologies LP lifted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1,197.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,036 shares of the scientific and technical instruments company’s stock after buying an additional 54,486 shares during the period. Quantbot Technologies LP’s holdings in FLIR Systems were worth $2,046,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KBC Group NV increased its holdings in shares of FLIR Systems by 17.4% during the first quarter. KBC Group NV now owns 16,107 shares of the scientific and technical instruments company’s stock worth $584,000 after buying an additional 2,389 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of FLIR Systems by 253.7% during the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after buying an additional 573,103 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of FLIR Systems by 5.2% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock worth $70,283,000 after buying an additional 100,971 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of FLIR Systems by 0.8% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 656,698 shares of the scientific and technical instruments company’s stock worth $23,825,000 after buying an additional 5,089 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of FLIR Systems by 8.2% during the second quarter. Legal & General Group Plc now owns 208,746 shares of the scientific and technical instruments company’s stock worth $7,236,000 after buying an additional 15,823 shares in the last quarter. Institutional investors own 90.73% of the company’s stock.

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Shares of FLIR Systems, Inc. (FLIR) opened at 39.21 on Friday. The company has a market cap of $5.38 billion, a PE ratio of 25.28 and a beta of 0.60. FLIR Systems, Inc. has a 52 week low of $28.26 and a 52 week high of $40.76. The company has a 50 day moving average of $38.12 and a 200 day moving average of $36.95.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. On average, analysts expect that FLIR Systems, Inc. will post $1.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is currently 38.46%.

FLIR has been the subject of several research analyst reports. BidaskClub downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC upped their price target on shares of FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, June 27th. Stephens initiated coverage on shares of FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating for the company. Finally, UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.38.

In related news, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.25, for a total value of $9,995,490.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Earl R. Lewis sold 11,587 shares of FLIR Systems stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.27, for a total transaction of $431,847.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 292,907 shares of company stock worth $11,191,737. Corporate insiders own 3.00% of the company’s stock.

FLIR Systems Company 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.

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

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