TD Asset Management Inc. lifted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 23.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 51,113 shares of the scientific and technical instruments company’s stock after buying an additional 9,821 shares during the quarter. TD Asset Management Inc.’s holdings in FLIR Systems were worth $2,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLIR. JPMorgan Chase & Co. grew its position in shares of FLIR Systems by 17.4% during the third quarter. JPMorgan Chase & Co. now owns 335,513 shares of the scientific and technical instruments company’s stock worth $20,624,000 after buying an additional 49,690 shares in the last quarter. Vanguard Group Inc boosted its holdings in FLIR Systems by 2.0% in the third quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock valued at $911,374,000 after purchasing an additional 290,026 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in FLIR Systems by 38.1% in the fourth quarter. Eqis Capital Management Inc. now owns 6,360 shares of the scientific and technical instruments company’s stock valued at $277,000 after purchasing an additional 1,756 shares in the last quarter. CWM LLC boosted its holdings in FLIR Systems by 58.8% in the fourth quarter. CWM LLC now owns 3,801 shares of the scientific and technical instruments company’s stock valued at $165,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in FLIR Systems by 6.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,102 shares of the scientific and technical instruments company’s stock valued at $1,703,000 after purchasing an additional 2,439 shares in the last quarter. 90.47% of the stock is currently owned by institutional investors.

In other news, Director Earl R. Lewis sold 23,116 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $51.33, for a total value of $1,186,544.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Todd M. Duchene sold 7,566 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $50.61, for a total value of $382,915.26. Following the sale, the senior vice president now owns 28,070 shares of the company’s stock, valued at approximately $1,420,622.70. The disclosure for this sale can be found here. Insiders sold 102,521 shares of company stock valued at $5,250,489 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Shares of FLIR stock traded up $0.99 during trading hours on Tuesday, hitting $49.17. The stock had a trading volume of 8,763 shares, compared to its average volume of 660,442. The company has a market capitalization of $6.54 billion, a P/E ratio of 22.12 and a beta of 1.14. FLIR Systems, Inc. has a twelve month low of $40.52 and a twelve month high of $63.88. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The business had revenue of $444.70 million during the quarter, compared to the consensus estimate of $440.98 million. FLIR Systems had a return on equity of 16.84% and a net margin of 17.13%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. Research analysts predict that FLIR Systems, Inc. will post 2.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, May 23rd. FLIR Systems’s payout ratio is currently 30.63%.

A number of equities analysts recently issued reports on FLIR shares. Zacks Investment Research raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, March 1st. BidaskClub downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Raymond James downgraded FLIR Systems from a “strong-buy” rating to an “outperform” rating in a report on Monday, March 18th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $56.00 price target (up from $51.00) on shares of FLIR Systems in a report on Wednesday, February 20th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. FLIR Systems presently has a consensus rating of “Buy” and an average target price of $62.43.

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FLIR Systems Company Profile

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

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