FLIR Systems, Inc. (FLIR) Shares Bought by Bahl & Gaynor Inc.
Bahl & Gaynor Inc. boosted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,067 shares of the scientific and technical instruments company’s stock after buying an additional 3,170 shares during the quarter. Bahl & Gaynor Inc.’s holdings in FLIR Systems were worth $1,161,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in FLIR. Commonwealth Bank of Australia increased its holdings in FLIR Systems by 14.0% in the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 400 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 700 shares during the last quarter. Quantbot Technologies LP bought a new stake in FLIR Systems in the first quarter valued at about $165,000. OppenheimerFunds Inc. bought a new stake in FLIR Systems in the first quarter valued at about $203,000. Finally, TrimTabs Asset Management LLC increased its holdings in FLIR Systems by 104.9% in the second quarter. TrimTabs Asset Management LLC now owns 6,340 shares of the scientific and technical instruments company’s stock valued at $220,000 after buying an additional 3,246 shares during the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.
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In other FLIR Systems news, COO Thomas A. Surran sold 261,320 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl R. Lewis sold 11,587 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $37.27, for a total transaction of $431,847.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 292,907 shares of company stock valued at $11,191,737. Corporate insiders own 3.00% of the company’s stock.
FLIR has been the subject of several research analyst reports. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, June 27th. Needham & Company LLC boosted their price objective on FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating for the company. BidaskClub raised FLIR Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. raised 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. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $38.38.
FLIR Systems, Inc. (FLIR) opened at 39.84 on Friday. The stock’s 50 day moving average price is $37.93 and its 200 day moving average price is $36.90. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $39.92. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 25.69 and a beta of 0.60.
FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The business had revenue of $434.12 million during the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that FLIR Systems, Inc. will post $1.85 earnings per share 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, August 23rd. FLIR Systems’s dividend payout ratio is 38.46%.
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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