FLIR Systems, Inc. (FLIR) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,093 shares of the scientific and technical instruments company’s stock after selling 18,862 shares during the quarter. AMP Capital Investors Ltd owned 0.08% of FLIR Systems worth $7,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co raised its position in FLIR Systems by 4.9% in the third quarter. CENTRAL TRUST Co now owns 22,510 shares of the scientific and technical instruments company’s stock valued at $1,384,000 after purchasing an additional 1,055 shares during the period. Toronto Dominion Bank raised its position in FLIR Systems by 1.4% in the third quarter. Toronto Dominion Bank now owns 89,623 shares of the scientific and technical instruments company’s stock valued at $5,507,000 after purchasing an additional 1,242 shares during the period. Almanack Investment Partners LLC. raised its position in FLIR Systems by 35.9% in the third quarter. Almanack Investment Partners LLC. now owns 4,838 shares of the scientific and technical instruments company’s stock valued at $237,000 after purchasing an additional 1,277 shares during the period. Gideon Capital Advisors Inc. raised its position in FLIR Systems by 33.9% in the third quarter. Gideon Capital Advisors Inc. now owns 5,939 shares of the scientific and technical instruments company’s stock valued at $365,000 after purchasing an additional 1,504 shares during the period. Finally, IFM Investors Pty Ltd raised its position in FLIR Systems by 24.9% in the third quarter. IFM Investors Pty Ltd now owns 7,904 shares of the scientific and technical instruments company’s stock valued at $486,000 after purchasing an additional 1,574 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.

In other news, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $62.95, for a total transaction of $62,950.00. Following the sale, the senior vice president now directly owns 38,453 shares of the company’s stock, valued at $2,420,616.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Several research analysts have commented on FLIR shares. William Blair raised FLIR Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. Imperial Capital lowered FLIR Systems from an “outperform” rating to an “in-line” rating in a research report on Friday, October 19th. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $58.17.

Shares of NASDAQ FLIR opened at $43.33 on Friday. FLIR Systems, Inc. has a 1 year low of $43.22 and a 1 year high of $63.88. The stock has a market cap of $6.21 billion, a PE ratio of 23.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.04 and a current ratio of 4.21.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.57. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The business had revenue of $434.89 million for the quarter, compared to analyst estimates of $445.46 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 23rd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Wednesday, November 21st. FLIR Systems’s payout ratio is 34.04%.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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