FLIR Systems, Inc. (FLIR) Stake Boosted by ING Groep NV
ING Groep NV boosted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 7,610 shares of the scientific and technical instruments company’s stock after buying an additional 32 shares during the period. ING Groep NV’s holdings in FLIR Systems were worth $264,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Cribstone Capital Management LLC purchased a new position in FLIR Systems during the first quarter worth $106,000. TrimTabs Asset Management LLC purchased a new position in FLIR Systems during the first quarter worth $112,000. FTB Advisors Inc. purchased a new position in FLIR Systems during the first quarter worth $130,000. Mn Services Vermogensbeheer B.V. raised its position in FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 163 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 90.55% of the company’s stock.
Shares of FLIR Systems, Inc. (NASDAQ FLIR) traded up 0.30% during trading on Friday, hitting $37.39. 428,526 shares of the company were exchanged. The firm’s 50-day moving average price is $36.71 and its 200 day moving average price is $36.49. The firm has a market capitalization of $5.13 billion, a PE ratio of 24.11 and a beta of 0.59. FLIR Systems, Inc. has a 12 month low of $28.26 and a 12 month high of $38.95.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. FLIR Systems’s dividend payout ratio is currently 38.46%.
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A number of research firms have weighed in on FLIR. BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, July 27th. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Stephens began coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating for the company. Finally, Raymond James Financial, Inc. upgraded 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. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.13.
In other FLIR Systems news, Director William Wright Crouch sold 38,800 shares of FLIR Systems stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the sale, the director now owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Insiders sold a total of 64,358 shares of company stock worth $2,349,223 in the last three months. 3.00% of the stock is owned by corporate insiders.
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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