Tredje AP fonden lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,160 shares of the scientific and technical instruments company’s stock after selling 3,910 shares during the quarter. Tredje AP fonden’s holdings in FLIR Systems were worth $1,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FLIR. BlackRock Inc. raised its stake 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 valued at $318,878,000 after acquiring an additional 8,314,071 shares during the period. Findlay Park Partners LLP increased its stake in FLIR Systems by 1,465.0% in the 1st 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. Eagle Asset Management Inc. increased its stake in FLIR Systems by 253.7% in the 2nd quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after buying an additional 573,103 shares during the period. Marshall Wace North America L.P. increased its stake in FLIR Systems by 2,905.3% in the 2nd 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. Finally, Alliancebernstein L.P. increased its stake in FLIR Systems by 216.3% in the 1st 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. 90.73% of the stock is currently owned by institutional investors and hedge funds.

In other FLIR Systems news, COO Thomas A. Surran sold 261,320 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total transaction of $764,400.00. Following the sale, the director now owns 509,379 shares in the company, valued at $19,468,465.38. The disclosure for this sale can be found here. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last quarter. Insiders own 3.00% of the company’s stock.

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FLIR Systems, Inc. (NASDAQ FLIR) opened at 39.34 on Wednesday. FLIR Systems, Inc. has a one year low of $28.26 and a one year high of $39.50. The company has a market capitalization of $5.40 billion, a PE ratio of 25.36 and a beta of 0.60. The firm’s 50-day moving average is $37.79 and its 200 day moving average is $36.82.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $434.12 million for 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%. FLIR Systems’s 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 analysts expect that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. FLIR Systems’s dividend payout ratio (DPR) is presently 38.46%.

Several research firms recently commented on FLIR. Needham & Company LLC raised their price target on shares of FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. BidaskClub downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, June 27th. 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. Finally, 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 target on the stock in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.38.

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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