Tower Research Capital LLC TRC lifted its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 518.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,138 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,822 shares during the quarter. Tower Research Capital LLC TRC’s holdings in FLIR Systems were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of FLIR Systems in the second quarter worth approximately $41,000. Quest Capital Management Inc. ADV bought a new stake in shares of FLIR Systems in the third quarter worth approximately $65,000. Point72 Asset Management L.P. bought a new stake in shares of FLIR Systems in the second quarter worth approximately $87,000. Delta Asset Management LLC TN grew its stake in shares of FLIR Systems by 27.9% in the third quarter. Delta Asset Management LLC TN now owns 1,726 shares of the scientific and technical instruments company’s stock worth $91,000 after acquiring an additional 376 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FLIR Systems in the second quarter worth approximately $108,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.
Shares of NASDAQ FLIR opened at $53.84 on Monday. The firm has a 50 day moving average of $53.03 and a 200 day moving average of $51.54. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 24.25 and a beta of 1.14. FLIR Systems, Inc. has a 12-month low of $40.52 and a 12-month high of $55.54.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 26th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.68 annualized dividend and a yield of 1.26%. FLIR Systems’s dividend payout ratio (DPR) is 30.63%.
FLIR has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on shares of FLIR Systems in a research note on Friday, September 6th. They issued a “buy” rating and a $60.00 price target for the company. BidaskClub lowered shares of FLIR Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 1st. William Blair reiterated an “outperform” rating on shares of FLIR Systems in a research note on Friday. SunTrust Banks set a $58.00 price target on shares of FLIR Systems and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $60.00.
In related news, SVP Anthony D. Buffum sold 2,785 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $53.41, for a total transaction of $148,746.85. Following the completion of the sale, the senior vice president now directly owns 14,137 shares in the company, valued at $755,057.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian E. Harding sold 3,625 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $52.48, for a total transaction of $190,240.00. Following the sale, the vice president now owns 8,876 shares of the company’s stock, valued at $465,812.48. The disclosure for this sale can be found here. Insiders have sold 21,510 shares of company stock valued at $1,143,995 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
FLIR Systems Company Profile
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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