Tredje AP fonden reduced its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 18.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,880 shares of the scientific and technical instruments company’s stock after selling 6,280 shares during the quarter. Tredje AP fonden’s holdings in FLIR Systems were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FLIR. Capstone Asset Management Co. increased its stake in FLIR Systems by 1.9% in the second quarter. Capstone Asset Management Co. now owns 8,778 shares of the scientific and technical instruments company’s stock valued at $304,000 after purchasing an additional 167 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in FLIR Systems by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the scientific and technical instruments company’s stock valued at $295,000 after purchasing an additional 100 shares during the last quarter. Aperio Group LLC increased its stake in FLIR Systems by 2.8% in the second quarter. Aperio Group LLC now owns 38,564 shares of the scientific and technical instruments company’s stock valued at $1,337,000 after purchasing an additional 1,064 shares during the last quarter. ING Groep NV increased its stake in FLIR Systems by 0.4% in the second quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock valued at $264,000 after purchasing an additional 32 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in FLIR Systems by 310.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,900 shares of the scientific and technical instruments company’s stock valued at $620,000 after purchasing an additional 13,540 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

In other news, VP Brian E. Harding sold 1,836 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the completion of the sale, the vice president now owns 6,646 shares of the company’s stock, valued at $311,697.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Todd M. Duchene sold 9,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the completion of the sale, the senior vice president now directly owns 29,767 shares of the company’s stock, valued at approximately $1,399,049. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,036 shares of company stock valued at $1,039,316. 3.00% of the stock is owned by company insiders.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $46.39 on Friday. FLIR Systems, Inc. has a 1 year low of $33.75 and a 1 year high of $48.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. The stock has a market capitalization of $6,400.00, a PE ratio of 25.36 and a beta of 0.62.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. equities research analysts forecast that FLIR Systems, Inc. will post 1.86 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, November 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 37.97%.

Several research firms recently commented on FLIR. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. SunTrust Banks upped their target price on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Finally, Raymond James Financial boosted their price target on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.33.

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

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