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.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is 37.74%.

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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.

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

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