Flir Systems Inc. (FLIR) To Go Ex-Dividend on November 16th
Flir Systems Inc. (NASDAQ:FLIR) declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Friday, November 18th will be given a dividend of 0.12 per share on Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 16th.
Flir Systems (NASDAQ:FLIR) opened at 34.20 on Friday. Flir Systems has a 12-month low of $25.87 and a 12-month high of $34.34. The company has a market cap of $4.68 billion, a P/E ratio of 26.89 and a beta of 0.49. The firm has a 50-day moving average price of $31.11 and a 200-day moving average price of $31.14.
Flir Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The firm earned $405.20 million during the quarter, compared to analyst estimates of $161.36 million. Flir Systems had a return on equity of 12.80% and a net margin of 10.79%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. On average, analysts forecast that Flir Systems will post $1.61 earnings per share for the current fiscal year.
In other Flir Systems news, Director Earl R. Lewis sold 52,000 shares of the business’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $32.40, for a total transaction of $1,684,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John D. Carter sold 20,000 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $32.66, for a total value of $653,200.00. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FLIR. Janney Montgomery Scott LLC bought a new stake in shares of Flir Systems during the second quarter worth approximately $207,000. Engineers Gate Manager LP increased its stake in shares of Flir Systems by 22.7% in the second quarter. Engineers Gate Manager LP now owns 7,800 shares of the company’s stock worth $241,000 after buying an additional 1,441 shares during the last quarter. GAM Holding AG increased its stake in shares of Flir Systems by 47.0% in the second quarter. GAM Holding AG now owns 9,679 shares of the company’s stock worth $300,000 after buying an additional 3,094 shares during the last quarter. TCW Group Inc. increased its stake in shares of Flir Systems by 3.7% in the second quarter. TCW Group Inc. now owns 11,075 shares of the company’s stock worth $343,000 after buying an additional 400 shares during the last quarter. Finally, Cantab Capital Partners LLP increased its stake in shares of Flir Systems by 244.8% in the second quarter. Cantab Capital Partners LLP now owns 11,397 shares of the company’s stock worth $353,000 after buying an additional 8,092 shares during the last quarter. Institutional investors and hedge funds own 90.86% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Flir Systems from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Imperial Capital reduced their price target on Flir Systems from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Seaport Global Securities assumed coverage on Flir Systems in a research report on Friday, October 7th. They issued a “buy” rating and a $36.00 price target for the company. Drexel Hamilton reissued a “buy” rating and issued a $36.00 price target on shares of Flir Systems in a research report on Monday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Flir Systems in a research report on Tuesday, October 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.70.
About Flir Systems
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.
Receive News & Stock Ratings for Flir Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flir Systems Inc. and related stocks with our FREE daily email newsletter.