SG Americas Securities LLC reduced its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 55.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,835 shares of the scientific and technical instruments company’s stock after selling 27,545 shares during the period. SG Americas Securities LLC’s holdings in FLIR Systems were worth $792,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Denver Investment Advisors LLC increased its stake in shares of FLIR Systems by 21.1% in the fourth quarter. Denver Investment Advisors LLC now owns 28,030 shares of the scientific and technical instruments company’s stock worth $1,014,000 after buying an additional 4,880 shares during the period. Perigon Wealth Management LLC increased its stake in shares of FLIR Systems by 337.0% in the fourth quarter. Perigon Wealth Management LLC now owns 15,394 shares of the scientific and technical instruments company’s stock worth $563,000 after buying an additional 11,871 shares during the period. Bank of Montreal Can increased its stake in shares of FLIR Systems by 809.4% in the first quarter. Bank of Montreal Can now owns 352,523 shares of the scientific and technical instruments company’s stock worth $12,790,000 after buying an additional 313,757 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of FLIR Systems by 1,563.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 223,148 shares of the scientific and technical instruments company’s stock worth $8,079,000 after buying an additional 209,737 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of FLIR Systems by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,222,156 shares of the scientific and technical instruments company’s stock worth $44,231,000 after buying an additional 33,727 shares during the period. Institutional investors own 92.19% of the company’s stock.

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

Shares of FLIR Systems, Inc. (FLIR) opened at 35.44 on Friday. The stock has a market cap of $4.84 billion, a P/E ratio of 23.61 and a beta of 0.49. The firm’s 50-day moving average price is $37.12 and its 200-day moving average price is $36.33. FLIR Systems, Inc. has a 52-week low of $28.26 and a 52-week high of $38.95.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. FLIR Systems had a net margin of 12.32% and a return on equity of 13.58%. The business had revenue of $406.80 million during the quarter, compared to the consensus estimate of $408.57 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict 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, June 9th. Shareholders of record on Friday, May 26th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Wednesday, May 24th. FLIR Systems’s dividend payout ratio (DPR) is presently 39.47%.

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FLIR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Imperial Capital downgraded FLIR Systems from an “outperform” rating to an “in-line” rating and set a $38.00 price target on the stock. in a research report on Thursday, February 23rd. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of FLIR Systems in a research report on Tuesday, February 21st. Finally, BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.63.

In other FLIR Systems news, SVP Travis D. Merrill sold 4,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $37.23, for a total transaction of $148,920.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey Frank sold 13,971 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $522,515.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,771 shares of company stock valued at $2,625,195 in the last three months. 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.

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