Commerce Bank raised its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,846 shares of the scientific and technical instruments company’s stock after buying an additional 16,789 shares during the quarter. Commerce Bank owned about 0.12% of FLIR Systems worth $4,969,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NWK Group Inc. bought a new stake in shares of FLIR Systems in the fourth quarter valued at $31,000. First Bank & Trust raised its stake in shares of FLIR Systems by 279.6% during the 4th quarter. First Bank & Trust now owns 782 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 576 shares during the period. CFM Wealth Partners LLC bought a new stake in shares of FLIR Systems during the 4th quarter valued at $43,000. Marshall Wace North America L.P. bought a new stake in shares of FLIR Systems during the 4th quarter valued at $49,000. Finally, TCI Wealth Advisors Inc. bought a new stake in shares of FLIR Systems during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.
In other news, Director Steven E. Wynne sold 21,300 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $48.88, for a total value of $1,041,144.00. Following the completion of the sale, the director now owns 49,661 shares of the company’s stock, valued at approximately $2,427,429.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.58% of the company’s stock.
FLIR opened at $45.06 on Friday. The stock has a 50-day moving average price of $39.96 and a 200-day moving average price of $47.21. FLIR Systems, Inc. has a 12-month low of $23.85 and a 12-month high of $59.44. The company has a current ratio of 1.92, a quick ratio of 1.24 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $5.91 billion, a P/E ratio of 21.30 and a beta of 1.57.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. FLIR Systems had a return on equity of 15.71% and a net margin of 6.62%. The firm had revenue of $450.90 million during the quarter, compared to analysts’ expectations of $437.48 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that FLIR Systems, Inc. will post 2.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, May 21st. FLIR Systems’s dividend payout ratio (DPR) is presently 30.49%.
FLIR has been the topic of a number of analyst reports. TheStreet lowered FLIR Systems from a “b-” rating to a “c+” rating in a research note on Friday, March 6th. Raymond James upgraded FLIR Systems from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $60.00 to $75.00 in a research note on Tuesday, February 11th. SunTrust Banks decreased their price objective on FLIR Systems from $50.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Goldman Sachs Group lowered FLIR Systems from a “buy” rating to a “sell” rating in a research note on Sunday, April 19th. Finally, BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.88.
About FLIR Systems
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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