Signition LP Takes $313,000 Position in FLIR Systems, Inc. (FLIR)

Signition LP bought a new position in FLIR Systems, Inc. (NASDAQ:FLIR) during the 1st quarter, HoldingsChannel.com reports. The fund bought 6,570 shares of the scientific and technical instruments company’s stock, valued at approximately $313,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc raised its position in shares of FLIR Systems by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock worth $911,374,000 after acquiring an additional 290,026 shares in the last quarter. BlackRock Inc. boosted its stake in shares of FLIR Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 9,967,753 shares of the scientific and technical instruments company’s stock worth $433,996,000 after buying an additional 150,819 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of FLIR Systems by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock worth $147,281,000 after buying an additional 292,141 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FLIR Systems by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock worth $94,034,000 after buying an additional 122,436 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of FLIR Systems by 67.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,660,531 shares of the scientific and technical instruments company’s stock worth $72,300,000 after buying an additional 667,024 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jeffrey Frank sold 21,705 shares of FLIR Systems stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.62, for a total value of $1,120,412.10. Following the completion of the transaction, the vice president now directly owns 47,344 shares in the company, valued at $2,443,897.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Earl R. Lewis sold 132,100 shares of FLIR Systems stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $52.11, for a total value of $6,883,731.00. Following the completion of the transaction, the director now owns 635,487 shares of the company’s stock, valued at $33,115,227.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,599 shares of company stock valued at $17,484,062. Company insiders own 2.00% of the company’s stock.

FLIR Systems stock traded down $0.27 during mid-day trading on Friday, hitting $51.53. The company’s stock had a trading volume of 4,413 shares, compared to its average volume of 987,088. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 23.35 and a beta of 1.13. FLIR Systems, Inc. has a 1 year low of $40.52 and a 1 year high of $63.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.45.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. FLIR Systems had a return on equity of 16.84% and a net margin of 17.13%. The business had revenue of $444.70 million during the quarter, compared to analyst estimates of $440.98 million. During the same period last year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts forecast that FLIR Systems, Inc. will post 2.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. FLIR Systems’s dividend payout ratio is currently 30.63%.

A number of research firms recently weighed in on FLIR. BidaskClub raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Raymond James cut FLIR Systems from a “strong-buy” rating to an “outperform” rating in a report on Monday, March 18th. ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $56.00 price target (up previously from $51.00) on shares of FLIR Systems in a report on Wednesday, February 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. FLIR Systems has a consensus rating of “Buy” and a consensus target price of $62.29.

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

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