KBC Group NV lifted its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 73.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,925 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,818 shares during the quarter. KBC Group NV’s holdings in FLIR Systems were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FLIR. Howe & Rusling Inc. purchased a new position in FLIR Systems during the 3rd quarter worth approximately $261,000. Cardinal Capital Management raised its position in FLIR Systems by 10.0% during the 3rd quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock worth $647,000 after buying an additional 1,510 shares during the last quarter. Legal & General Group Plc raised its position in FLIR Systems by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 208,746 shares of the scientific and technical instruments company’s stock worth $7,236,000 after buying an additional 15,823 shares during the last quarter. Eagle Asset Management Inc. raised its position in FLIR Systems by 253.7% during 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 last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in FLIR Systems by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 652,207 shares of the scientific and technical instruments company’s stock worth $22,606,000 after buying an additional 18,041 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the sale, the vice president now owns 6,646 shares of the company’s stock, valued at approximately $311,697.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Todd M. Duchene sold 9,000 shares of FLIR Systems stock in a transaction on Monday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $423,000.00. Following the completion of the sale, the senior vice president now directly owns 29,767 shares in the company, valued at approximately $1,399,049. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock worth $1,039,316 in the last three months. 3.00% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Raymond James Financial raised their price objective on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $34.00 price objective on shares of FLIR Systems in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.33.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $47.38 on Thursday. The company has a market cap of $6,499.13, a P/E ratio of 25.77 and a beta of 0.62. FLIR Systems, Inc. has a one year low of $33.75 and a one year high of $48.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. research analysts forecast that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. FLIR Systems’s dividend payout ratio is currently 37.74%.

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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.

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

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