Insider Selling: FLIR Systems, Inc. (FLIR) VP Sells 1,836 Shares of Stock
FLIR Systems, Inc. (NASDAQ:FLIR) VP Brian E. Harding sold 1,836 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the transaction, the vice president now owns 6,646 shares in the company, valued at approximately $311,697.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
FLIR Systems, Inc. (FLIR) traded up 0.15% during mid-day trading on Tuesday, reaching $46.82. 1,299,380 shares of the company were exchanged. The company’s 50 day moving average price is $41.59 and its 200-day moving average price is $38.21. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 30.19 and a beta of 0.60. FLIR Systems, Inc. has a 12-month low of $31.81 and a 12-month high of $48.06.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. FLIR Systems had a net margin of 13.67% and a return on equity of 13.89%. The business had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. During the same period last year, the firm earned $0.48 earnings per share. FLIR Systems’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that FLIR Systems, Inc. will post $1.86 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its position in FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after acquiring an additional 400 shares during the period. Acrospire Investment Management LLC bought a new position in FLIR Systems during the second quarter worth about $116,000. ETF Managers Group LLC bought a new position in FLIR Systems during the second quarter worth about $171,000. OppenheimerFunds Inc. bought a new position in FLIR Systems during the first quarter worth about $203,000. Finally, Koch Industries Inc. bought a new position in FLIR Systems during the second quarter worth about $214,000. 91.73% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on FLIR shares. Stephens started coverage on shares of FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a report on Monday, July 10th. BidaskClub upgraded shares of FLIR Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $46.33.
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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