FLIR Systems, Inc. (NASDAQ:FLIR) Director Earl R. Lewis sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the sale, the director now owns 509,379 shares of the company’s stock, valued at approximately $19,468,465.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Earl R. Lewis also recently made the following trade(s):

  • On Monday, July 31st, Earl R. Lewis sold 11,587 shares of FLIR Systems stock. The shares were sold at an average price of $37.27, for a total value of $431,847.49.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded down 1.36% during midday trading on Thursday, hitting $37.80. The company’s stock had a trading volume of 1,040,999 shares. The company has a market cap of $5.19 billion, a P/E ratio of 24.37 and a beta of 0.59. The company has a 50-day moving average price of $37.02 and a 200 day moving average price of $36.58. FLIR Systems, Inc. has a 1-year low of $28.26 and a 1-year high of $38.94.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $434.12 million for the quarter, compared to the consensus estimate of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities research analysts predict that FLIR Systems, Inc. will post $1.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, August 23rd. FLIR Systems’s payout ratio is 38.46%.

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Hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc raised its stake in shares of FLIR Systems by 0.3% in the second quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock worth $411,000 after buying an additional 31 shares during the last quarter. ING Groep NV raised its stake in shares of FLIR Systems by 0.4% in the second quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 32 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of FLIR Systems by 0.4% in the first quarter. Tyers Asset Management LLC now owns 17,664 shares of the scientific and technical instruments company’s stock worth $641,000 after buying an additional 64 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of FLIR Systems by 0.4% in the first quarter. Elkfork Partners LLC now owns 24,288 shares of the scientific and technical instruments company’s stock worth $881,000 after buying an additional 88 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of FLIR Systems by 0.3% in the first quarter. Arizona State Retirement System now owns 33,722 shares of the scientific and technical instruments company’s stock worth $1,223,000 after buying an additional 100 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on FLIR shares. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Stephens assumed coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating for the company. Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Monday, July 10th. Finally, UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. FLIR Systems presently has a consensus rating of “Buy” and a consensus target price of $38.13.

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.

Insider Buying and Selling by Quarter for FLIR Systems (NASDAQ:FLIR)

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