Legacy Private Trust Co. decreased its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,780 shares of the scientific and technical instruments company’s stock after selling 300 shares during the period. Legacy Private Trust Co.’s holdings in FLIR Systems were worth $353,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of FLIR Systems by 0.7% during the second quarter. BlackRock Inc. now owns 9,906,385 shares of the scientific and technical instruments company’s stock worth $535,933,000 after purchasing an additional 66,304 shares in the last quarter. State Street Corp lifted its holdings in FLIR Systems by 1.2% during the 3rd quarter. State Street Corp now owns 5,631,711 shares of the scientific and technical instruments company’s stock worth $296,172,000 after buying an additional 69,326 shares in the last quarter. Voya Investment Management LLC lifted its holdings in FLIR Systems by 3.2% during the 3rd quarter. Voya Investment Management LLC now owns 2,099,754 shares of the scientific and technical instruments company’s stock worth $110,426,000 after buying an additional 65,982 shares in the last quarter. Fenimore Asset Management Inc. boosted its position in FLIR Systems by 0.7% in the 3rd quarter. Fenimore Asset Management Inc. now owns 1,449,146 shares of the scientific and technical instruments company’s stock valued at $76,211,000 after buying an additional 9,659 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in FLIR Systems by 12.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,433,690 shares of the scientific and technical instruments company’s stock valued at $75,398,000 after buying an additional 163,914 shares during the period. Institutional investors own 94.41% of the company’s stock.
A number of analysts have recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of FLIR Systems in a research report on Friday, November 15th. SunTrust Banks set a $58.00 target price on FLIR Systems and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research lowered FLIR Systems from a “hold” rating to a “sell” rating and set a $57.00 target price for the company. in a report on Monday, November 18th. Finally, BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. FLIR Systems has an average rating of “Buy” and an average price target of $58.00.
In other news, Director Steven E. Wynne sold 10,300 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $53.58, for a total value of $551,874.00. Following the transaction, the director now owns 118,445 shares in the company, valued at approximately $6,346,283.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Anthony D. Buffum sold 2,785 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $53.41, for a total value of $148,746.85. Following the sale, the senior vice president now directly owns 14,137 shares in the company, valued at approximately $755,057.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,585 shares of company stock valued at $939,391. Corporate insiders own 2.00% of the company’s stock.
Shares of NASDAQ:FLIR opened at $54.25 on Wednesday. The firm’s 50 day moving average price is $52.95 and its 200 day moving average price is $52.16. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 24.44 and a beta of 1.15. FLIR Systems, Inc. has a fifty-two week low of $43.60 and a fifty-two week high of $55.54. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.34.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. FLIR Systems had a net margin of 14.54% and a return on equity of 16.71%. The company had revenue of $471.25 million during the quarter, compared to analysts’ expectations of $486.51 million. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that FLIR Systems, Inc. will post 2.3 EPS for the current 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.
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