Dupont Capital Management Corp Sells 14,297 Shares of FLIR Systems, Inc. (FLIR)

Dupont Capital Management Corp lowered its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,581 shares of the scientific and technical instruments company’s stock after selling 14,297 shares during the period. Dupont Capital Management Corp’s holdings in FLIR Systems were worth $2,072,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FLIR. Atlas Capital Advisors LLC lifted its position in shares of FLIR Systems by 493.0% during the fourth quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock worth $122,000 after acquiring an additional 2,332 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of FLIR Systems during the third quarter worth $130,000. CWM LLC lifted its position in shares of FLIR Systems by 58.8% during the fourth quarter. CWM LLC now owns 3,801 shares of the scientific and technical instruments company’s stock worth $165,000 after acquiring an additional 1,408 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of FLIR Systems during the third quarter worth $206,000. Finally, Ibex Investors LLC purchased a new stake in shares of FLIR Systems during the third quarter worth $207,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Shares of FLIR stock opened at $49.78 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.04 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a 52-week low of $40.52 and a 52-week high of $63.88. The firm has a market capitalization of $6.86 billion, a P/E ratio of 22.75 and a beta of 1.12.

Several equities research analysts have issued reports on the company. Zacks Investment Research restated a “sell” rating on shares of FLIR Systems in a research report on Tuesday, November 13th. BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Needham & Company LLC dropped their target price on FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Imperial Capital downgraded FLIR Systems from an “outperform” rating to an “in-line” rating in a research report on Friday, October 19th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.83.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

Further Reading: QQQ ETF

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

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