FLIR Systems, Inc. (FLIR) Director John D. Carter Sells 10,300 Shares

FLIR Systems, Inc. (NASDAQ:FLIR) Director John D. Carter sold 10,300 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $51.10, for a total transaction of $526,330.00. Following the completion of the transaction, the director now owns 53,537 shares in the company, valued at $2,735,740.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ FLIR opened at $49.85 on Thursday. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.45 and a beta of 1.13. FLIR Systems, Inc. has a 52-week low of $40.52 and a 52-week high of $63.88.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.68 annualized dividend and a yield of 1.36%. FLIR Systems’s dividend payout ratio is 30.63%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of FLIR Systems by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock valued at $911,374,000 after acquiring an additional 290,026 shares in the last quarter. BlackRock Inc. boosted its position in shares of FLIR Systems by 1.5% during the 4th quarter. BlackRock Inc. now owns 9,967,753 shares of the scientific and technical instruments company’s stock valued at $433,996,000 after acquiring an additional 150,819 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of FLIR Systems by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock valued at $147,281,000 after acquiring an additional 292,141 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FLIR Systems by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock valued at $94,034,000 after acquiring an additional 122,436 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of FLIR Systems by 67.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,660,531 shares of the scientific and technical instruments company’s stock valued at $72,300,000 after acquiring an additional 667,024 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Imperial Capital reiterated an “in-line” rating and issued a $56.00 target price (up from $51.00) on shares of FLIR Systems in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. SunTrust Banks raised their price target on shares of FLIR Systems to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently 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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