Royce & Associates LP lowered its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,269,400 shares of the scientific and technical instruments company’s stock after selling 30,800 shares during the period. Royce & Associates LP owned approximately 0.93% of FLIR Systems worth $43,997,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. TrimTabs Asset Management LLC acquired a new position in shares of FLIR Systems during the first quarter worth about $112,000. FTB Advisors Inc. acquired a new position in shares of FLIR Systems during the first quarter worth about $130,000. Mn Services Vermogensbeheer B.V. raised its position in shares of FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 163 shares during the period. Daiwa Securities Group Inc. raised its position in shares of FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 700 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of FLIR Systems during the first quarter worth about $165,000. 87.44% of the stock is owned by institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) opened at 37.93 on Friday. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 24.46 and a beta of 0.59. FLIR Systems, Inc. has a 52 week low of $28.26 and a 52 week high of $38.95. The firm’s 50-day moving average price is $37.57 and its 200-day moving average price is $36.67.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $434.12 million during the quarter, compared to the consensus estimate of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities analysts expect that FLIR Systems, Inc. will post $1.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s payout ratio is currently 38.46%.

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FLIR has been the subject of a number of recent analyst reports. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, June 27th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating for the company. BidaskClub raised FLIR Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. raised FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Monday, July 10th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. FLIR Systems has an average rating of “Buy” and an average target price of $38.13.

In other news, Director Earl R. Lewis sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total transaction of $764,400.00. Following the completion of the transaction, the director now owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Wright Crouch sold 38,800 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the transaction, the director now directly owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The disclosure for this sale can be found here. Insiders have sold 70,387 shares of company stock valued at $2,591,107 in the last ninety days. Insiders own 3.00% of the company’s stock.

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 threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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

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