Fenimore Asset Management Inc. boosted its stake in shares of Flir Systems Inc. (NASDAQ:FLIR) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138,485 shares of the company’s stock after buying an additional 25,575 shares during the period. Flir Systems accounts for approximately 1.7% of Fenimore Asset Management Inc.’s portfolio, making the stock its 23rd largest position. Fenimore Asset Management Inc. owned approximately 0.83% of Flir Systems worth $35,771,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Carroll Financial Associates Inc. purchased a new position in shares of Flir Systems during the second quarter valued at approximately $105,000. Nordea Investment Management AB raised its position in shares of Flir Systems by 9.6% in the second quarter. Nordea Investment Management AB now owns 3,763 shares of the company’s stock valued at $116,000 after buying an additional 331 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Flir Systems during the second quarter valued at approximately $200,000. Janney Montgomery Scott LLC purchased a new position in shares of Flir Systems during the second quarter valued at approximately $207,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Flir Systems during the second quarter valued at approximately $213,000. 90.74% of the stock is owned by institutional investors and hedge funds.

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

Flir Systems Inc. (NASDAQ:FLIR) traded down 1.07% during midday trading on Wednesday, reaching $29.55. The company had a trading volume of 263,208 shares. The firm has a 50-day moving average of $31.04 and a 200 day moving average of $31.38. The company has a market capitalization of $4.06 billion, a P/E ratio of 21.81 and a beta of 0.51. Flir Systems Inc. has a 1-year low of $25.12 and a 1-year high of $34.09.

Flir Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The firm earned $402.70 million during the quarter, compared to analysts’ expectations of $401.56 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Flir Systems’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Flir Systems Inc. will post $1.61 EPS for the current year.

Several equities analysts have commented on FLIR shares. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research report on Tuesday, October 4th. Drexel Hamilton reissued a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research report on Monday, October 3rd. Seaport Global Securities started coverage on Flir Systems in a report on Friday, October 7th. They set a “buy” rating and a $36.00 price target for the company. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Robert W. Baird started coverage on Flir Systems in a report on Wednesday, October 5th. They set a “neutral” rating and a $34.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.11.

In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. Following the completion of the sale, the vice president now directly owns 21,769 shares in the company, valued at approximately $668,961.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by company insiders.

Flir Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

5 Day Chart for NASDAQ:FLIR

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