Macquarie Group Ltd. lifted its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 124.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,737 shares of the scientific and technical instruments company’s stock after purchasing an additional 64,780 shares during the period. Macquarie Group Ltd.’s holdings in FLIR Systems were worth $5,530,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in FLIR Systems by 2.8% in the fourth quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock valued at $463,895,000 after acquiring an additional 274,312 shares in the last quarter. Millennium Management LLC raised its holdings in FLIR Systems by 165.4% in the fourth quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock valued at $103,969,000 after acquiring an additional 1,389,832 shares in the last quarter. Earnest Partners LLC raised its holdings in FLIR Systems by 0.7% in the third quarter. Earnest Partners LLC now owns 2,143,629 shares of the scientific and technical instruments company’s stock valued at $83,409,000 after acquiring an additional 14,956 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its holdings in FLIR Systems by 4.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock valued at $82,451,000 after acquiring an additional 90,956 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in FLIR Systems in the third quarter valued at $82,147,000. 92.94% of the stock is currently owned by institutional investors and hedge funds.
FLIR has been the topic of several recent analyst reports. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stephens set a $59.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, January 8th. Finally, Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. FLIR Systems presently has an average rating of “Buy” and a consensus target price of $51.86.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. equities research analysts anticipate that FLIR Systems, Inc. will post 2.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 22nd. FLIR Systems’s dividend payout ratio is 34.04%.
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FLIR Systems 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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