Capital Fund Management S.A. grew its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 1,757.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 159,699 shares of the scientific and technical instruments company’s stock after purchasing an additional 151,099 shares during the quarter. Capital Fund Management S.A. owned approximately 0.12% of FLIR Systems worth $5,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc boosted its stake in shares of FLIR Systems by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock valued at $411,000 after purchasing an additional 31 shares during the last quarter. ING Groep NV boosted its stake in shares of FLIR Systems by 0.4% in the 2nd quarter. ING Groep NV now owns 7,610 shares of the scientific and technical instruments company’s stock valued at $264,000 after purchasing an additional 32 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of FLIR Systems by 0.3% in the 1st quarter. Arizona State Retirement System now owns 33,722 shares of the scientific and technical instruments company’s stock valued at $1,223,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of FLIR Systems by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the scientific and technical instruments company’s stock valued at $295,000 after purchasing an additional 100 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in shares of FLIR Systems by 1.0% in the 1st quarter. Advantus Capital Management Inc now owns 13,584 shares of the scientific and technical instruments company’s stock valued at $493,000 after purchasing an additional 128 shares during the last quarter. 90.73% of the stock is currently owned by institutional investors.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded up 1.58% during mid-day trading on Monday, hitting $38.66. 48,859 shares of the company were exchanged. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $38.94. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 24.93 and a beta of 0.60. The firm has a 50 day moving average of $37.77 and a 200 day moving average of $36.80.

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

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

Several research analysts have recently issued reports on the stock. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research note on Monday, July 10th. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note 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 target price on the stock in a research note on Monday, July 10th. Finally, Stephens assumed coverage on shares of FLIR Systems in a research note on Friday, July 7th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $38.38.

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In related news, Director Earl R. Lewis sold 11,587 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $37.27, for a total value of $431,847.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Wright Crouch sold 38,800 shares of the company’s stock in a transaction that occurred 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 owns 36,006 shares in the company, valued at $1,294,415.70. The disclosure for this sale can be found here. Insiders sold 331,707 shares of company stock worth $12,586,597 over the last quarter. 3.00% of the stock is currently owned by company 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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