Calamos Advisors LLC lessened its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,453 shares of the scientific and technical instruments company’s stock after selling 2,154 shares during the quarter. Calamos Advisors LLC owned approximately 0.06% of FLIR Systems worth $3,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in FLIR Systems by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock worth $411,000 after purchasing an additional 31 shares during the period. ING Groep NV increased its holdings in FLIR Systems by 0.4% during the 2nd quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock worth $264,000 after purchasing an additional 32 shares during the period. Louisiana State Employees Retirement System increased its holdings in FLIR Systems by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the scientific and technical instruments company’s stock worth $295,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its holdings in FLIR Systems by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 33,822 shares of the scientific and technical instruments company’s stock worth $1,172,000 after purchasing an additional 100 shares during the period. Finally, Mcmillion Capital Management Inc. increased its holdings in FLIR Systems by 0.3% during the 2nd quarter. Mcmillion Capital Management Inc. now owns 54,830 shares of the scientific and technical instruments company’s stock worth $1,900,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 91.73% of the company’s stock.

In other news, SVP Todd M. Duchene sold 9,000 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total transaction of $423,000.00. Following the sale, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at $1,399,049. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction dated 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 in the company, valued at $19,468,465.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,356 shares of company stock worth $11,799,206. Corporate insiders own 3.00% of the company’s stock.

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Several equities research analysts have weighed in on the company. SunTrust Banks, Inc. upped their price target on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Raymond James Financial, Inc. upped their price target on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird restated a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.33.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The business had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s payout ratio is 37.74%.

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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