Quantitative Investment Management LLC raised its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 201.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,400 shares of the scientific and technical instruments company’s stock after buying an additional 99,800 shares during the period. Quantitative Investment Management LLC owned 0.11% of FLIR Systems worth $6,965,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlueCrest Capital Management Ltd bought a new position in FLIR Systems during the fourth quarter valued at about $1,124,000. Highland Capital Management LP acquired a new stake in shares of FLIR Systems in the fourth quarter valued at about $5,221,000. Thrivent Financial For Lutherans grew its position in shares of FLIR Systems by 1.6% in the fourth quarter. Thrivent Financial For Lutherans now owns 1,023,444 shares of the scientific and technical instruments company’s stock valued at $47,713,000 after purchasing an additional 16,484 shares during the last quarter. Nicholas Investment Partners LP grew its position in shares of FLIR Systems by 2.9% in the fourth quarter. Nicholas Investment Partners LP now owns 228,588 shares of the scientific and technical instruments company’s stock valued at $10,657,000 after purchasing an additional 6,410 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of FLIR Systems in the fourth quarter valued at about $359,000. Institutional investors own 92.96% of the company’s stock.
FLIR has been the topic of several research analyst reports. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, January 8th. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Finally, Needham & Company LLC raised their price target on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. FLIR Systems presently has an average rating of “Buy” and a consensus target price of $51.33.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The business had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.16 per share. The ex-dividend date was Thursday, February 22nd. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. FLIR Systems’s dividend payout ratio (DPR) is 82.05%.
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.
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.