Jeffrey Frank Sells 13,971 Shares of FLIR Systems, Inc. (FLIR) Stock
FLIR Systems, Inc. (NASDAQ:FLIR) VP Jeffrey Frank sold 13,971 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $37.40, for a total value of $522,515.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $408.57 million. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $0.60 annualized dividend and a yield of 1.61%. FLIR Systems’s dividend payout ratio is presently 37.50%.
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A number of institutional investors have recently made changes to their positions in FLIR. Cribstone Capital Management LLC bought a new position in shares of FLIR Systems during the first quarter valued at $106,000. TrimTabs Asset Management LLC acquired a new position in shares of FLIR Systems during the first quarter valued at about $112,000. FTB Advisors Inc. acquired a new position in shares of FLIR Systems during the first quarter valued at about $130,000. Mn Services Vermogensbeheer B.V. raised its position in shares of FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 163 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 700 shares during the last quarter. 90.79% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on FLIR. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, February 16th. Imperial Capital cut FLIR Systems from an “outperform” rating to an “in-line” rating and set a $38.00 price target on the stock. in a research report on Thursday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of FLIR Systems in a research report on Tuesday, February 21st. SunTrust Banks, Inc. initiated coverage on FLIR Systems in a research report on Thursday, January 19th. They issued a “hold” rating and a $35.00 price target on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $34.00 price target on shares of FLIR Systems in a research report on Friday, January 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.63.
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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