Crawford Investment Counsel Inc. increased its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,562 shares of the scientific and technical instruments company’s stock after buying an additional 4,000 shares during the period. Crawford Investment Counsel Inc. owned approximately 0.05% of FLIR Systems worth $2,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of FLIR Systems by 1,749.1% in the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock worth $318,878,000 after buying an additional 8,314,071 shares during the period. Findlay Park Partners LLP increased its position in shares of FLIR Systems by 1,465.0% in the first quarter. Findlay Park Partners LLP now owns 1,565,000 shares of the scientific and technical instruments company’s stock worth $56,778,000 after buying an additional 1,465,000 shares during the period. Marshall Wace North America L.P. increased its position in shares of FLIR Systems by 2,905.3% in the second quarter. Marshall Wace North America L.P. now owns 572,445 shares of the scientific and technical instruments company’s stock worth $20,035,000 after buying an additional 553,397 shares during the period. Alliancebernstein L.P. increased its position in shares of FLIR Systems by 216.3% in the first quarter. Alliancebernstein L.P. now owns 765,949 shares of the scientific and technical instruments company’s stock worth $27,789,000 after buying an additional 523,760 shares during the period. Finally, Scout Investments Inc. increased its position in shares of FLIR Systems by 257.6% in the first quarter. Scout Investments Inc. now owns 692,204 shares of the scientific and technical instruments company’s stock worth $22,808,000 after buying an additional 498,635 shares during the period. Institutional investors own 90.68% of the company’s stock.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at 38.47 on Thursday. The stock has a market capitalization of $5.28 billion, a PE ratio of 24.80 and a beta of 0.59. FLIR Systems, Inc. has a 52 week low of $28.26 and a 52 week high of $38.94. The stock has a 50 day moving average of $37.57 and a 200-day moving average of $36.67.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is currently 38.46%.

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FLIR has been the topic of a number of research analyst reports. BidaskClub downgraded shares of FLIR Systems from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Monday, July 10th. Stephens began coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating on the stock. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. FLIR Systems presently has a consensus rating of “Buy” and an average target price of $38.13.

In other FLIR Systems news, Director Earl R. Lewis sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the sale, the director now owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The transaction was disclosed in a filing with the SEC, 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 value of $1,394,860.00. Following the completion of the sale, 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. In the last three months, insiders sold 70,387 shares of company stock valued at $2,591,107. 3.00% of the stock is owned by corporate insiders.

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 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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