Earnest Partners LLC boosted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,143,629 shares of the scientific and technical instruments company’s stock after buying an additional 14,956 shares during the quarter. Earnest Partners LLC owned about 1.55% of FLIR Systems worth $83,409,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC increased its position in FLIR Systems by 262.1% during the third quarter. Jane Street Group LLC now owns 30,157 shares of the scientific and technical instruments company’s stock worth $1,173,000 after buying an additional 21,828 shares during the last quarter. Vident Investment Advisory LLC increased its position in FLIR Systems by 56.5% during the third quarter. Vident Investment Advisory LLC now owns 353,810 shares of the scientific and technical instruments company’s stock worth $13,766,000 after buying an additional 127,669 shares during the last quarter. Permian Investment Partners LP acquired a new position in FLIR Systems during the third quarter worth $59,964,000. Chevy Chase Trust Holdings Inc. increased its position in FLIR Systems by 4.5% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 2,118,720 shares of the scientific and technical instruments company’s stock worth $82,451,000 after buying an additional 90,956 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in FLIR Systems by 33.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,602,963 shares of the scientific and technical instruments company’s stock worth $62,371,000 after buying an additional 402,580 shares during the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,036 shares of company stock worth $1,039,316. 3.00% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the company. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks raised their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. FLIR Systems presently has an average rating of “Buy” and a consensus target price of $46.33.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $46.39 on Friday. The stock has a market capitalization of $6,400.00, a PE ratio of 25.36 and a beta of 0.62. FLIR Systems, Inc. has a 1 year low of $33.75 and a 1 year high of $48.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company had revenue of $464.70 million for the quarter, compared to the consensus estimate of $446.06 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. sell-side analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, November 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 37.97%.

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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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