ProShare Advisors LLC trimmed its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,082 shares of the scientific and technical instruments company’s stock after selling 527 shares during the quarter. ProShare Advisors LLC’s holdings in FLIR Systems were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FLIR. Empire Life Investments Inc. lifted its holdings in FLIR Systems by 0.8% in the 1st quarter. Empire Life Investments Inc. now owns 719,372 shares of the scientific and technical instruments company’s stock valued at $26,098,000 after acquiring an additional 5,754 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in FLIR Systems by 7.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 357,096 shares of the scientific and technical instruments company’s stock valued at $12,955,000 after acquiring an additional 25,119 shares during the last quarter. Sei Investments Co. lifted its holdings in FLIR Systems by 499.6% in the 1st quarter. Sei Investments Co. now owns 15,866 shares of the scientific and technical instruments company’s stock valued at $576,000 after acquiring an additional 13,220 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in FLIR Systems by 1.2% in the 1st quarter. Mason Street Advisors LLC now owns 18,842 shares of the scientific and technical instruments company’s stock valued at $684,000 after acquiring an additional 220 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in FLIR Systems by 4.1% in the 1st quarter. M&T Bank Corp now owns 7,737 shares of the scientific and technical instruments company’s stock valued at $281,000 after acquiring an additional 303 shares during the last quarter. 90.73% of the stock is owned by institutional investors.

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A number of equities research analysts have weighed in 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. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target 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. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Stephens assumed coverage on shares of FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.17.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at 41.29 on Friday. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 26.62 and a beta of 0.60. The firm’s 50-day moving average is $38.98 and its 200-day moving average is $37.26. FLIR Systems, Inc. has a 1-year low of $28.26 and a 1-year high of $41.46.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $434.12 million during the quarter, compared to analyst estimates of $437.32 million. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, analysts predict that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. FLIR Systems’s payout ratio is currently 38.46%.

In other news, 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 completion of the transaction, the director now directly owns 509,379 shares in the company, valued at approximately $19,468,465.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold a total of 292,907 shares of company stock valued at $11,191,737 over the last 90 days. Corporate 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.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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