Robeco Institutional Asset Management B.V. raised its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 393.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,507 shares of the scientific and technical instruments company’s stock after acquiring an additional 28,315 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in FLIR Systems were worth $2,182,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLIR. Principal Financial Group Inc. grew its stake in shares of FLIR Systems by 1.0% during the first quarter. Principal Financial Group Inc. now owns 222,120 shares of the scientific and technical instruments company’s stock worth $11,108,000 after buying an additional 2,199 shares during the last quarter. Bank of Montreal Can grew its stake in shares of FLIR Systems by 1.6% during the second quarter. Bank of Montreal Can now owns 357,761 shares of the scientific and technical instruments company’s stock worth $18,593,000 after buying an additional 5,480 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of FLIR Systems during the second quarter worth $967,000. Steward Partners Investment Advisory LLC grew its stake in shares of 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 worth $186,000 after buying an additional 1,265 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of FLIR Systems during the second quarter worth $2,104,000. 92.56% of the stock is owned by institutional investors.
A number of analysts have weighed in on FLIR shares. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. Needham & Company LLC decreased their target price on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Imperial Capital decreased their target price on shares of FLIR Systems from $60.00 to $51.00 and set an “in-line” rating on the stock in a research note on Thursday, November 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. FLIR Systems has a consensus rating of “Hold” and a consensus target price of $58.17.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $434.89 million for 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%. FLIR Systems’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts anticipate that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.16 per share. 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 dividend payout ratio (DPR) is presently 34.04%.
In other news, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $62.25, for a total transaction of $1,245,000.00. Following the transaction, the director now owns 503,387 shares in the company, valued at $31,335,840.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction on Monday, October 15th. The stock was sold at an average price of $55.63, for a total transaction of $55,630.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,912 shares of company stock worth $4,032,277. 2.00% of the stock is owned by company insiders.
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About FLIR Systems
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.
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