Stephens Investment Management Group LLC raised its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,269,776 shares of the scientific and technical instruments company’s stock after purchasing an additional 17,290 shares during the quarter. FLIR Systems makes up approximately 1.3% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 12th largest holding. Stephens Investment Management Group LLC owned approximately 0.94% of FLIR Systems worth $68,695,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new stake in FLIR Systems during the 4th quarter valued at approximately $154,000. TD Asset Management Inc. grew its position in FLIR Systems by 23.8% in the 1st quarter. TD Asset Management Inc. now owns 51,113 shares of the scientific and technical instruments company’s stock valued at $2,432,000 after purchasing an additional 9,821 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in FLIR Systems by 4.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,920 shares of the scientific and technical instruments company’s stock valued at $377,000 after purchasing an additional 373 shares during the period. Wells Fargo & Company MN grew its position in FLIR Systems by 12.7% in the 1st quarter. Wells Fargo & Company MN now owns 1,651,857 shares of the scientific and technical instruments company’s stock valued at $78,595,000 after purchasing an additional 185,815 shares during the period. Finally, Toronto Dominion Bank grew its position in FLIR Systems by 15.9% in the 1st quarter. Toronto Dominion Bank now owns 88,567 shares of the scientific and technical instruments company’s stock valued at $4,213,000 after purchasing an additional 12,146 shares during the period. 90.92% of the stock is owned by institutional investors and hedge funds.
FLIR stock traded down $0.19 during midday trading on Thursday, hitting $45.71. The company had a trading volume of 17,876 shares, compared to its average volume of 1,066,014. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. FLIR Systems, Inc. has a 52 week low of $40.52 and a 52 week high of $63.88. The firm has a 50 day moving average price of $51.90. The company has a market capitalization of $6.41 billion, a PE ratio of 20.59 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, August 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. FLIR Systems’s dividend payout ratio is presently 30.63%.
Several analysts recently issued reports on the stock. BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Imperial Capital upgraded FLIR Systems from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Finally, ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.50.
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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