Johnston Asset Management LLC lowered its position in Flir Systems Inc. (NASDAQ:FLIR) by 3.9% during the second quarter, Holdings Channel reports. The fund owned 664,840 shares of the company’s stock after selling 26,975 shares during the period. Flir Systems accounts for approximately 1.0% of Johnston Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Johnston Asset Management LLC’s holdings in Flir Systems were worth $20,577,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in shares of Flir Systems during the second quarter worth about $634,000. Strs Ohio boosted its stake in shares of Flir Systems by 14,180.6% in the second quarter. Strs Ohio now owns 400,000 shares of the company’s stock worth $12,380,000 after buying an additional 397,199 shares during the last quarter. First Merchants Corp boosted its stake in shares of Flir Systems by 6.4% in the second quarter. First Merchants Corp now owns 45,121 shares of the company’s stock worth $1,396,000 after buying an additional 2,699 shares during the last quarter. Orca Investment Management LLC boosted its stake in shares of Flir Systems by 80.5% in the second quarter. Orca Investment Management LLC now owns 80,531 shares of the company’s stock worth $2,492,000 after buying an additional 35,921 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Flir Systems during the second quarter worth about $1,299,000. 90.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Flir Systems Inc. (NASDAQ:FLIR) traded up 0.54% on Monday, hitting $31.59. The company had a trading volume of 809,626 shares. The company has a market capitalization of $4.34 billion, a P/E ratio of 23.31 and a beta of 0.51. The firm has a 50-day moving average price of $31.05 and a 200 day moving average price of $31.50. Flir Systems Inc. has a 12-month low of $25.12 and a 12-month high of $34.09.
Flir Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. Flir Systems had a net margin of 11.85% and a return on equity of 12.68%. The firm earned $402.70 million during the quarter, compared to analyst estimates of $401.56 million. During the same period in the prior year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Flir Systems Inc. will post $1.61 EPS for the current year.
A number of equities research analysts have issued reports on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $36.00 target price on shares of Flir Systems in a research report on Monday. Imperial Capital reiterated an “outperform” rating and set a $40.00 price target on shares of Flir Systems in a report on Friday, September 9th. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Raymond James Financial Inc. lowered Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price target for the company. in a report on Monday, July 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.43.
In related news, VP Jeffrey Frank sold 10,000 shares of Flir Systems stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. Following the sale, the vice president now owns 21,769 shares of the company’s stock, valued at approximately $668,961.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate 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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