Thrivent Financial For Lutherans Has $44.27 Million Holdings in FLIR Systems, Inc. (FLIR)

Thrivent Financial For Lutherans grew its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 109.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,277,188 shares of the scientific and technical instruments company’s stock after buying an additional 668,598 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.93% of FLIR Systems worth $44,267,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CIBC Asset Management Inc lifted its position in FLIR Systems by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock worth $411,000 after buying an additional 31 shares in the last quarter. ING Groep NV lifted its position in FLIR Systems by 0.4% during the 2nd quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 32 shares in the last quarter. Arizona State Retirement System lifted its position in FLIR Systems by 0.3% during the 1st quarter. Arizona State Retirement System now owns 33,722 shares of the scientific and technical instruments company’s stock worth $1,223,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in FLIR Systems by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the scientific and technical instruments company’s stock worth $295,000 after buying an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its position in FLIR Systems by 1.0% during the 1st quarter. Advantus Capital Management Inc now owns 13,584 shares of the scientific and technical instruments company’s stock worth $493,000 after buying an additional 128 shares in the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

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In other FLIR Systems news, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the sale, the director now owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last three months. 3.00% of the stock is owned by insiders.

FLIR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. Needham & Company LLC upped their target price on shares of FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Monday, July 10th. Finally, UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.38.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded up 1.53% during midday trading on Friday, hitting $39.84. 1,574,175 shares of the stock were exchanged. FLIR Systems, Inc. has a 1-year low of $28.26 and a 1-year high of $39.92. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 25.69 and a beta of 0.60. The firm’s 50 day moving average is $37.93 and its 200-day moving average is $36.90.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company had revenue of $434.12 million for the quarter, compared to analyst estimates of $437.32 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts predict that FLIR Systems, Inc. will post $1.85 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, August 23rd. FLIR Systems’s payout ratio is currently 38.46%.

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.

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

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