Capstone Asset Management Co. boosted its stake in Flir Systems Inc. (NASDAQ:FLIR) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,701 shares of the company’s stock after buying an additional 50 shares during the period. Capstone Asset Management Co.’s holdings in Flir Systems were worth $269,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLIR. Norges Bank bought a new stake in shares of Flir Systems during the fourth quarter valued at approximately $32,231,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Flir Systems by 12.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,480 shares of the company’s stock valued at $1,037,000 after buying an additional 3,591 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of Flir Systems by 8.2% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 33,492 shares of the company’s stock valued at $1,104,000 after buying an additional 2,530 shares during the last quarter. Aperio Group LLC increased its stake in shares of Flir Systems by 13.9% in the first quarter. Aperio Group LLC now owns 17,059 shares of the company’s stock valued at $562,000 after buying an additional 2,087 shares during the last quarter. Finally, Lakeview Capital Partners LLC bought a new stake in shares of Flir Systems during the first quarter valued at approximately $337,000. Institutional investors own 90.74% of the company’s stock.
Shares of Flir Systems Inc. (NASDAQ:FLIR) traded up 0.13% during trading on Friday, hitting $31.55. 450,176 shares of the stock traded hands. Flir Systems Inc. has a 1-year low of $25.12 and a 1-year high of $34.09. The company has a market cap of $4.33 billion, a P/E ratio of 23.28 and a beta of 0.51. The stock has a 50-day moving average of $31.05 and a 200 day moving average of $31.51.
Flir Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm earned $402.70 million during the quarter, compared to analysts’ expectations of $401.56 million. Flir Systems had a net margin of 11.85% and a return on equity of 12.68%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities research analysts predict that Flir Systems Inc. will post $1.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. Flir Systems’s dividend payout ratio is currently 35.04%.
FLIR has been the subject of several research analyst reports. Raymond James Financial Inc. downgraded shares of Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 target price for the company. in a report on Monday, July 25th. Zacks Investment Research raised shares of Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Imperial Capital reissued an “outperform” rating and issued a $40.00 price objective on shares of Flir Systems in a report on Friday, September 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.50.
In other news, VP Jeffrey Frank sold 10,000 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. Following the completion of the sale, the vice president now owns 21,769 shares in the company, valued at $668,961.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.
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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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