Earnest Partners LLC trimmed its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,127,296 shares of the scientific and technical instruments company’s stock after selling 16,333 shares during the quarter. Earnest Partners LLC owned approximately 1.54% of FLIR Systems worth $99,175,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FLIR. Exane Derivatives acquired a new position in shares of FLIR Systems during the 4th quarter worth approximately $100,000. Twin Tree Management LP raised its stake in shares of FLIR Systems by 110.0% during the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after buying an additional 1,259 shares during the period. Cerebellum GP LLC acquired a new position in shares of FLIR Systems during the 4th quarter worth approximately $119,000. Advisory Services Network LLC raised its stake in shares of FLIR Systems by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after buying an additional 2,490 shares during the period. Finally, First Mercantile Trust Co. acquired a new position in shares of FLIR Systems during the 4th quarter worth approximately $145,000. 92.96% of the stock is owned by institutional investors and hedge funds.
FLIR Systems, Inc. (FLIR) opened at $51.54 on Monday. FLIR Systems, Inc. has a 52 week low of $33.95 and a 52 week high of $52.88. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7,159.92, a price-to-earnings ratio of 66.08 and a beta of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.16 dividend. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s dividend payout ratio is currently 82.05%.
Several brokerages have recently weighed in on FLIR. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Needham & Company LLC upped their target price on FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, January 8th. Finally, Stephens set a $59.00 target price on FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. FLIR Systems currently has an average rating of “Buy” and an average target price of $51.67.
TRADEMARK VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/03/12/flir-systems-inc-flir-shares-sold-by-earnest-partners-llc.html.
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.
Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (NASDAQ:FLIR).
Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.