FLIR Systems, Inc. (NASDAQ:FLIR) VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the completion of the sale, the vice president now directly owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
FLIR Systems, Inc. (FLIR) opened at 46.82 on Wednesday. FLIR Systems, Inc. has a one year low of $31.81 and a one year high of $48.06. The stock’s 50 day moving average price is $41.81 and its 200 day moving average price is $38.27. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 30.19 and a beta of 0.60.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Equities analysts predict 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. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is currently 37.74%.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia grew its position in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of FLIR Systems during the second quarter worth about $116,000. ETF Managers Group LLC purchased a new stake in shares of FLIR Systems during the second quarter worth about $171,000. OppenheimerFunds Inc. purchased a new stake in shares of FLIR Systems during the first quarter worth about $203,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of FLIR Systems during the first quarter worth about $226,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.
Several equities research analysts recently weighed in on FLIR shares. Needham & Company LLC lifted their price objective on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating for the company. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price for the company in a report on Monday, July 10th. UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Finally, BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $46.33.
About FLIR Systems
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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