FLIR Systems, Inc. (NASDAQ:FLIR) Shares Sold by Camden National Bank

Camden National Bank decreased its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,228 shares of the scientific and technical instruments company’s stock after selling 2,675 shares during the quarter. FLIR Systems makes up 2.2% of Camden National Bank’s portfolio, making the stock its 14th biggest position. Camden National Bank owned 0.14% of FLIR Systems worth $10,320,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FLIR. Radnor Capital Management LLC increased its holdings in FLIR Systems by 3.8% in the second quarter. Radnor Capital Management LLC now owns 5,460 shares of the scientific and technical instruments company’s stock valued at $295,000 after buying an additional 200 shares during the last quarter. Stephens Inc. AR increased its holdings in FLIR Systems by 6.3% in the second quarter. Stephens Inc. AR now owns 3,978 shares of the scientific and technical instruments company’s stock valued at $215,000 after buying an additional 235 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in FLIR Systems by 0.8% in the second quarter. State of Alaska Department of Revenue now owns 29,898 shares of the scientific and technical instruments company’s stock valued at $1,616,000 after buying an additional 245 shares during the last quarter. HighTower Advisors LLC increased its holdings in FLIR Systems by 1.7% in the second quarter. HighTower Advisors LLC now owns 19,796 shares of the scientific and technical instruments company’s stock valued at $1,071,000 after buying an additional 330 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in FLIR Systems by 3.5% in the second quarter. Crossmark Global Holdings Inc. now owns 10,145 shares of the scientific and technical instruments company’s stock valued at $549,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Several analysts recently weighed in on FLIR shares. Berenberg Bank started coverage on FLIR Systems in a report on Friday, September 6th. They issued a “buy” rating and a $60.00 price objective for the company. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, BidaskClub lowered FLIR Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.40.

In other news, VP Brian E. Harding sold 3,625 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $52.48, for a total transaction of $190,240.00. Following the completion of the transaction, the vice president now directly owns 8,876 shares of the company’s stock, valued at $465,812.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

FLIR Systems stock traded up $0.89 during midday trading on Friday, hitting $52.99. The stock had a trading volume of 24,516 shares, compared to its average volume of 775,422. The stock has a market cap of $6.98 billion, a P/E ratio of 23.86 and a beta of 1.16. The business has a fifty day moving average price of $51.12 and a 200 day moving average price of $50.77. FLIR Systems, Inc. has a 12 month low of $40.52 and a 12 month high of $57.98. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company had revenue of $482.00 million during the quarter, compared to analyst estimates of $478.42 million. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, equities analysts anticipate that FLIR Systems, Inc. will post 2.34 EPS for the current fiscal year.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

Featured Article: Bid-Ask Spread

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).

Institutional Ownership by Quarter for FLIR Systems (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.



Leave a Reply