FLIR Systems, Inc. (FLIR) Receives Consensus Rating of “Hold” from Analysts
Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have received an average rating of “Hold” from the eight ratings firms that are covering the company. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.50.
Several equities analysts have recently commented on FLIR shares. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, February 16th. Imperial Capital boosted their price target on FLIR Systems from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, February 15th. Raymond James Financial, Inc. cut FLIR Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of FLIR Systems in a research note on Tuesday, February 21st.
Shares of FLIR Systems (NASDAQ:FLIR) traded down 0.05% during mid-day trading on Friday, hitting $36.90. The company’s stock had a trading volume of 12,540 shares. The company has a 50-day moving average of $36.65 and a 200 day moving average of $36.07. FLIR Systems has a 1-year low of $28.26 and a 1-year high of $37.89. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 24.58 and a beta of 0.52.
FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. FLIR Systems had a return on equity of 12.80% and a net margin of 10.79%. The company had revenue of $406.80 million for the quarter, compared to the consensus estimate of $408.57 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect that FLIR Systems will post $1.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be given a $0.15 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $0.60 annualized dividend and a yield of 1.63%. FLIR Systems’s payout ratio is 37.50%.
In related news, SVP Travis D. Merrill sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $37.23, for a total value of $148,920.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Earl R. Lewis sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $37.26, for a total transaction of $558,900.00. Following the completion of the transaction, the director now directly owns 551,234 shares in the company, valued at approximately $20,538,978.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,971 shares of company stock worth $1,230,335. 3.00% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of FLIR Systems by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,326,125 shares of the scientific and technical instruments company’s stock valued at $483,473,000 after buying an additional 409,124 shares during the last quarter. BlackRock Inc. boosted its position in shares of FLIR Systems by 1,749.1% in the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock valued at $318,878,000 after buying an additional 8,314,071 shares during the last quarter. Capital World Investors boosted its position in shares of FLIR Systems by 18.7% in the third quarter. Capital World Investors now owns 6,434,182 shares of the scientific and technical instruments company’s stock valued at $202,162,000 after buying an additional 1,015,756 shares during the last quarter. State Street Corp boosted its position in shares of FLIR Systems by 1.4% in the first quarter. State Street Corp now owns 5,459,779 shares of the scientific and technical instruments company’s stock valued at $198,084,000 after buying an additional 73,938 shares during the last quarter. Finally, Shapiro Capital Management LLC boosted its position in shares of FLIR Systems by 46.4% in the third quarter. Shapiro Capital Management LLC now owns 3,426,274 shares of the scientific and technical instruments company’s stock valued at $107,654,000 after buying an additional 1,085,927 shares during the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.
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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