Highland Capital Management LLC acquired a new stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,291 shares of the scientific and technical instruments company’s stock, valued at approximately $1,124,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co boosted its position in FLIR Systems by 4.9% during the 3rd quarter. CENTRAL TRUST Co now owns 22,510 shares of the scientific and technical instruments company’s stock worth $1,384,000 after purchasing an additional 1,055 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in FLIR Systems by 2.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,868 shares of the scientific and technical instruments company’s stock worth $2,280,000 after purchasing an additional 1,236 shares during the period. Steward Partners Investment Advisory LLC boosted its position in FLIR Systems by 54.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,586 shares of the scientific and technical instruments company’s stock worth $186,000 after purchasing an additional 1,265 shares during the period. LPL Financial LLC lifted its holdings in FLIR Systems by 4.7% in the 1st quarter. LPL Financial LLC now owns 33,425 shares of the scientific and technical instruments company’s stock worth $1,672,000 after buying an additional 1,497 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. lifted its holdings in FLIR Systems by 8.4% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 20,647 shares of the scientific and technical instruments company’s stock worth $1,073,000 after buying an additional 1,602 shares in the last quarter. 90.72% of the stock is owned by institutional investors.
FLIR traded down $0.48 on Friday, hitting $48.40. 1,165,656 shares of the company’s stock were exchanged, compared to its average volume of 1,190,478. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 22.44 and a beta of 1.10. FLIR Systems, Inc. has a twelve month low of $45.00 and a twelve month high of $63.88. The company has a quick ratio of 3.04, a current ratio of 4.21 and a debt-to-equity ratio of 0.22.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 21st. This represents a $0.64 annualized dividend and a yield of 1.32%. FLIR Systems’s dividend payout ratio (DPR) is 34.04%.
FLIR has been the topic of a number of recent analyst reports. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Needham & Company LLC boosted their price objective on shares of FLIR Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, Stephens upped their target price on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. FLIR Systems has an average rating of “Hold” and a consensus target price of $58.17.
In other FLIR Systems news, Director Earl R. Lewis sold 25,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $60.09, for a total value of $1,502,250.00. Following the completion of the transaction, the director now owns 538,387 shares in the company, valued at approximately $32,351,674.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jeffrey Frank sold 42,912 shares of the company’s stock in a transaction dated 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. In the last quarter, insiders have sold 90,912 shares of company stock worth $5,594,537. 2.00% of the stock is owned by company insiders.
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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: Cash Flow
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