Wells Fargo & Company MN grew its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 29.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 891,813 shares of the scientific and technical instruments company’s stock after purchasing an additional 203,425 shares during the period. Wells Fargo & Company MN owned approximately 0.64% of FLIR Systems worth $34,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in FLIR Systems by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock valued at $411,000 after acquiring an additional 31 shares during the period. Arizona State Retirement System lifted its position in FLIR Systems by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 33,822 shares of the scientific and technical instruments company’s stock valued at $1,172,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in FLIR Systems by 1.2% during the 2nd 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 acquiring an additional 100 shares during the period. Mcmillion Capital Management Inc. lifted its position in FLIR Systems by 0.3% during the 2nd quarter. Mcmillion Capital Management Inc. now owns 54,830 shares of the scientific and technical instruments company’s stock valued at $1,900,000 after acquiring an additional 150 shares during the period. Finally, AXA lifted its position in FLIR Systems by 0.8% during the 2nd quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock valued at $835,000 after acquiring an additional 200 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) opened at $47.38 on Thursday. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6,499.13, a PE ratio of 25.77 and a beta of 0.62. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $48.06.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. sell-side analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.27%. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.

A number of research analysts recently issued reports on FLIR shares. Needham & Company LLC lifted their price target on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Robert W. Baird reissued a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. Raymond James Financial lifted their price target on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Thursday, October 26th. Finally, SunTrust Banks lifted their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.33.

In other FLIR Systems news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the transaction, the vice president now directly owns 6,646 shares of the company’s stock, valued at $311,697.40. The disclosure for this sale can be found here. Insiders sold 22,036 shares of company stock valued at $1,039,316 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.

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

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