FLIR Systems, Inc. (FLIR) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,070 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,270 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in FLIR Systems were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co grew its position in FLIR Systems by 4.9% during the third quarter. CENTRAL TRUST Co now owns 22,510 shares of the scientific and technical instruments company’s stock valued at $1,384,000 after buying an additional 1,055 shares during the period. Toronto Dominion Bank grew its position in FLIR Systems by 1.4% during the third quarter. Toronto Dominion Bank now owns 89,623 shares of the scientific and technical instruments company’s stock valued at $5,507,000 after buying an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC grew its position in FLIR Systems by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,586 shares of the scientific and technical instruments company’s stock valued at $186,000 after buying an additional 1,265 shares during the period. IFM Investors Pty Ltd grew its position in FLIR Systems by 24.9% during the third quarter. IFM Investors Pty Ltd now owns 7,904 shares of the scientific and technical instruments company’s stock valued at $486,000 after buying an additional 1,574 shares during the period. Finally, Bbva Compass Bancshares Inc. grew its position in FLIR Systems by 8.4% during the second quarter. Bbva Compass Bancshares Inc. now owns 20,647 shares of the scientific and technical instruments company’s stock valued at $1,073,000 after buying an additional 1,602 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Several analysts recently issued reports on FLIR shares. BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Imperial Capital cut their target price on shares of FLIR Systems from $60.00 to $51.00 and set an “in-line” rating for the company in a research report on Thursday, November 1st. They noted that the move was a valuation call. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Needham & Company LLC cut their target price on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Finally, Stephens boosted their target price on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.17.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $55.63, for a total value of $55,630.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $2,668,697.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,912 shares of company stock valued at $4,032,277. Company insiders own 2.00% of the company’s stock.

FLIR opened at $45.66 on Friday. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 24.29 and a beta of 1.10. FLIR Systems, Inc. has a 1-year low of $44.38 and a 1-year high of $63.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.21 and a quick ratio of 3.04.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.57. The business had revenue of $434.89 million during the quarter, compared to analyst estimates of $445.46 million. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. Equities research analysts anticipate that FLIR Systems, Inc. will post 2.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a $0.16 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.40%. FLIR Systems’s payout ratio is currently 34.04%.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/24/flir-systems-inc-flir-shares-bought-by-nomura-asset-management-co-ltd.html.

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.

Featured Story: Moving Average (MA)

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply