FLIR Systems, Inc. (NASDAQ:FLIR) SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the completion of the transaction, the senior vice president now directly owns 29,767 shares in the company, valued at approximately $1,399,049. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million during the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. FLIR Systems’s dividend payout ratio (DPR) is 37.74%.
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Several research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. BidaskClub raised FLIR Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Monday, July 10th. UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.33.
Several large investors have recently bought and sold shares of FLIR. Commonwealth Bank of Australia grew its stake in shares of FLIR Systems by 14.0% in 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 acquiring an additional 400 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of FLIR Systems in the second quarter worth $116,000. ETF Managers Group LLC acquired a new position in shares of FLIR Systems in the second quarter worth $171,000. OppenheimerFunds Inc. acquired a new position in shares of FLIR Systems in the first quarter worth $203,000. Finally, Koch Industries Inc. acquired a new position in shares of FLIR Systems in the second quarter worth $214,000. Institutional investors and hedge funds own 91.73% of the company’s stock.
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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