Toronto Dominion Bank Has $4.21 Million Holdings in FLIR Systems, Inc. (FLIR)

Toronto Dominion Bank boosted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 15.9% in the first quarter, HoldingsChannel.com reports. The firm owned 88,567 shares of the scientific and technical instruments company’s stock after purchasing an additional 12,146 shares during the quarter. Toronto Dominion Bank’s holdings in FLIR Systems were worth $4,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Osborn Williams & Donohoe LLC acquired a new stake in shares of FLIR Systems in the first quarter valued at approximately $39,000. CSat Investment Advisory L.P. increased its holdings in shares of FLIR Systems by 147.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 574 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of FLIR Systems in the first quarter valued at approximately $59,000. Bessemer Group Inc. increased its holdings in shares of FLIR Systems by 18.2% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 224 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of FLIR Systems by 340.6% in the first quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 1,192 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

A number of analysts recently weighed in on FLIR shares. Robert W. Baird raised shares of FLIR Systems from a “neutral” rating to an “outperform” rating in a report on Friday, January 25th. SunTrust Banks raised their price target on shares of FLIR Systems to $60.00 and gave the company a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Imperial Capital reissued 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. Finally, ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and an average price target of $62.43.

In other news, Director Earl R. Lewis sold 100,000 shares of FLIR Systems stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.37, for a total transaction of $5,137,000.00. Following the transaction, the director now directly owns 603,783 shares of the company’s stock, valued at $31,016,332.71. The sale was disclosed in a legal filing 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 stock was sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the transaction, the director now directly owns 635,487 shares in the company, valued at $33,115,227.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 348,899 shares of company stock worth $18,010,392. Insiders own 2.00% of the company’s stock.

Shares of NASDAQ FLIR traded down $1.50 during midday trading on Thursday, reaching $49.49. 11,004 shares of the stock were exchanged, compared to its average volume of 1,084,849. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 22.24 and a beta of 1.13. FLIR Systems, Inc. has a 12 month low of $40.52 and a 12 month high of $63.88. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of 0.35.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $444.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. On average, research analysts anticipate that FLIR Systems, Inc. will post 2.35 EPS for the current fiscal 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 of this dividend is Thursday, May 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. FLIR Systems’s dividend payout ratio is 30.63%.

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FLIR Systems 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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