FLIR Systems, Inc. (NASDAQ:FLIR) had its price objective hoisted by Needham & Company LLC from $40.00 to $42.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the scientific and technical instruments company’s stock.

A number of other equities analysts also recently commented on the stock. BidaskClub raised shares of FLIR Systems from a strong sell rating to a sell rating in a report on Tuesday, July 11th. Raymond James Financial, Inc. upgraded shares of FLIR Systems from a market perform rating to a strong-buy rating and set a $43.00 target price for the company in a research report on Monday, July 10th. 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. Zacks Investment Research cut shares of FLIR Systems from a buy rating to a hold rating in a research report on Friday, July 28th. Finally, Stephens initiated coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an overweight rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. FLIR Systems has a consensus rating of Buy and a consensus price target of $38.38.

Shares of FLIR Systems (NASDAQ:FLIR) traded up 0.37% during trading on Wednesday, reaching $38.06. 917,511 shares of the company’s stock were exchanged. The firm has a market capitalization of $5.22 billion, a P/E ratio of 24.54 and a beta of 0.60. FLIR Systems has a 52-week low of $28.26 and a 52-week high of $38.95. The company has a 50 day moving average of $37.77 and a 200 day moving average of $36.80.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business 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%. FLIR Systems’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Equities analysts anticipate that FLIR Systems will post $1.85 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. FLIR Systems’s payout ratio is presently 38.46%.

In related news, COO Thomas A. Surran sold 261,320 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Wright Crouch sold 38,800 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following 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 331,707 shares of company stock valued at $12,586,597. 3.00% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of FLIR. Mn Services Vermogensbeheer B.V. lifted its holdings 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 acquiring an additional 163 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of FLIR Systems by 5.0% in the first quarter. Shell Asset Management Co. now owns 8,860 shares of the scientific and technical instruments company’s stock valued at $321,000 after buying an additional 422 shares during the period. Russell Investments Group Ltd. increased its stake in shares of FLIR Systems by 46.5% in the first quarter. Russell Investments Group Ltd. now owns 558,897 shares of the scientific and technical instruments company’s stock valued at $20,278,000 after buying an additional 177,495 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of FLIR Systems by 69.8% in the first quarter. Canada Pension Plan Investment Board now owns 27,500 shares of the scientific and technical instruments company’s stock valued at $998,000 after buying an additional 11,300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of FLIR Systems by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,801 shares of the scientific and technical instruments company’s stock valued at $791,000 after buying an additional 406 shares during the period. 90.73% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for FLIR Systems (NASDAQ:FLIR)

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