FLIR Systems, Inc. (FLIR) Director Steven E. Wynne Sells 11,200 Shares

FLIR Systems, Inc. (NASDAQ:FLIR) Director Steven E. Wynne sold 11,200 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

FLIR Systems, Inc. (NASDAQ FLIR) opened at 46.82 on Wednesday. FLIR Systems, Inc. has a 1-year low of $31.81 and a 1-year high of $48.06. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 30.19 and a beta of 0.60. The company has a 50-day moving average of $41.81 and a 200-day moving average of $38.27.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. During the same period in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Analysts anticipate that FLIR Systems, Inc. will post $1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. FLIR Systems’s dividend payout ratio is currently 37.74%.

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A number of hedge funds have recently made changes to their positions in FLIR. BlackRock Inc. increased its holdings in FLIR Systems by 1,749.1% during the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock valued at $318,878,000 after buying an additional 8,314,071 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in FLIR Systems by 153.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock valued at $105,326,000 after buying an additional 1,841,965 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in FLIR Systems by 109.9% during the second quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock valued at $44,267,000 after buying an additional 668,598 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in FLIR Systems by 253.7% during the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after buying an additional 573,103 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in FLIR Systems by 117.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock valued at $36,070,000 after buying an additional 561,643 shares during the last quarter. 91.73% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on FLIR. SunTrust Banks, Inc. raised their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a research note on Tuesday, October 24th. Raymond James Financial, Inc. raised their price target on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.33.

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.

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