Chicago Equity Partners LLC Has $3 Million Stake in FLIR Systems, Inc. (FLIR)

Chicago Equity Partners LLC raised its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 640.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,730 shares of the scientific and technical instruments company’s stock after purchasing an additional 42,150 shares during the quarter. Chicago Equity Partners LLC’s holdings in FLIR Systems were worth $2,995,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FLIR. Sterling Capital Management LLC lifted its stake in FLIR Systems by 41.0% in the 3rd quarter. Sterling Capital Management LLC now owns 73,979 shares of the scientific and technical instruments company’s stock valued at $4,547,000 after acquiring an additional 21,511 shares in the last quarter. Cognios Capital LLC lifted its stake in FLIR Systems by 213.0% in the 3rd quarter. Cognios Capital LLC now owns 29,063 shares of the scientific and technical instruments company’s stock valued at $1,785,000 after acquiring an additional 19,777 shares in the last quarter. Signition LP bought a new stake in FLIR Systems in the 3rd quarter valued at approximately $299,000. US Bancorp DE lifted its stake in FLIR Systems by 5.3% in the 3rd quarter. US Bancorp DE now owns 119,551 shares of the scientific and technical instruments company’s stock valued at $7,349,000 after acquiring an additional 6,040 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in FLIR Systems in the 3rd quarter valued at approximately $3,425,000. Institutional investors own 90.72% of the company’s stock.

In other news, SVP Todd M. Duchene sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $60.01, for a total transaction of $60,010.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jeffrey Frank sold 42,912 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $62.19, for a total value of $2,668,697.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,912 shares of company stock worth $5,594,537. Company insiders own 2.00% of the company’s stock.

Several equities research analysts have commented on FLIR shares. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Needham & Company LLC boosted their target price on FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Seaport Global Securities restated a “buy” rating and issued a $66.00 target price on shares of FLIR Systems in a research note on Thursday, July 26th. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, July 23rd. Finally, ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. FLIR Systems presently has an average rating of “Hold” and a consensus target price of $58.17.

Shares of FLIR Systems stock opened at $48.40 on Friday. FLIR Systems, Inc. has a 12-month low of $45.00 and a 12-month high of $63.88. The company has a market cap of $6.70 billion, a PE ratio of 25.74 and a beta of 1.10. 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 (NASDAQ:FLIR) last announced its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The company had revenue of $434.89 million for the quarter, compared to analysts’ expectations of $445.46 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that FLIR Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Wednesday, November 21st. FLIR Systems’s dividend payout ratio is currently 34.04%.

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FLIR Systems 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: How is Preferred Stock Different from Common Stock?

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

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