Eagle Boston Investment Management Inc. cut its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,632 shares of the scientific and technical instruments company’s stock after selling 8,257 shares during the period. Eagle Boston Investment Management Inc.’s holdings in FLIR Systems were worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its position in shares of FLIR Systems by 253.7% in the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after buying an additional 573,103 shares during the period. Pacad Investment Ltd. purchased a new position in shares of FLIR Systems during the second quarter valued at about $724,000. Crawford Investment Counsel Inc. boosted its position in shares of FLIR Systems by 5.9% in the second quarter. Crawford Investment Counsel Inc. now owns 71,562 shares of the scientific and technical instruments company’s stock valued at $2,480,000 after buying an additional 4,000 shares during the period. Principal Financial Group Inc. boosted its position in shares of FLIR Systems by 3.4% in the second quarter. Principal Financial Group Inc. now owns 217,884 shares of the scientific and technical instruments company’s stock valued at $7,551,000 after buying an additional 7,193 shares during the period. Finally, QCI Asset Management Inc. NY boosted its position in shares of FLIR Systems by 57.1% in the second quarter. QCI Asset Management Inc. NY now owns 395,345 shares of the scientific and technical instruments company’s stock valued at $13,703,000 after buying an additional 143,727 shares during the period. 90.68% of the stock is owned by institutional investors and hedge funds.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at 38.25 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 24.66 and a beta of 0.59. The company’s 50-day moving average is $37.79 and its 200 day moving average is $36.74. FLIR Systems, Inc. has a 12 month low of $28.26 and a 12 month high of $38.94.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is 38.46%.

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Several research analysts have issued reports on the stock. BidaskClub cut shares of FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. raised shares of 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. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Finally, Stephens started coverage on shares of FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. FLIR Systems currently has a consensus rating of “Buy” and a consensus target price of $38.13.

In other news, Director William Wright Crouch sold 38,800 shares of FLIR Systems stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction that occurred 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 transaction, the director now directly owns 509,379 shares of the company’s stock, valued at $19,468,465.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,387 shares of company stock valued at $2,591,107. 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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