FLIR Systems, Inc. (NASDAQ:FLIR) has been given an average recommendation of “Buy” by the eleven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $62.40.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James lowered shares of FLIR Systems from a “strong-buy” rating to an “outperform” rating in a research note on Monday, March 18th. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Imperial Capital upgraded shares of FLIR Systems from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd.

NASDAQ FLIR traded down $0.32 during trading hours on Monday, reaching $53.64. The company had a trading volume of 1,187,217 shares, compared to its average volume of 537,983. FLIR Systems has a 1-year low of $40.52 and a 1-year high of $63.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.45 and a quick ratio of 1.61. The stock has a market capitalization of $7.31 billion, a P/E ratio of 24.16 and a beta of 1.14.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. FLIR Systems had a net margin of 17.13% and a return on equity of 16.84%. The company had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $440.98 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. FLIR Systems’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that FLIR Systems will post 2.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. FLIR Systems’s dividend payout ratio (DPR) is presently 30.63%.

In related news, Director John D. Carter sold 10,300 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $51.10, for a total transaction of $526,330.00. Following the sale, the director now directly owns 53,537 shares in the company, valued at $2,735,740.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl R. Lewis sold 23,116 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $51.33, for a total transaction of $1,186,544.28. The disclosure for this sale can be found here. Insiders have sold 65,121 shares of company stock worth $3,358,586 over the last quarter. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FLIR. Osborn Williams & Donohoe LLC purchased a new position in FLIR Systems in the first quarter valued at approximately $39,000. CSat Investment Advisory L.P. increased its stake in FLIR Systems by 147.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 574 shares during the last quarter. Truvestments Capital LLC purchased a new position in FLIR Systems in the first quarter valued at approximately $59,000. Bessemer Group Inc. increased its stake in FLIR Systems by 18.2% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 224 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in FLIR Systems by 340.6% in the first quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 1,192 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About FLIR Systems

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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