Amalgamated Bank boosted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 6.9% during the 4th quarter, HoldingsChannel reports. The firm owned 29,258 shares of the scientific and technical instruments company’s stock after buying an additional 1,885 shares during the quarter. Amalgamated Bank’s holdings in FLIR Systems were worth $1,364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLIR. Exane Derivatives purchased a new position in shares of FLIR Systems in the fourth quarter valued at about $100,000. Twin Tree Management LP lifted its position in shares of FLIR Systems by 110.0% in the fourth quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after acquiring an additional 1,259 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of FLIR Systems in the fourth quarter valued at about $119,000. Advisory Services Network LLC lifted its position in shares of FLIR Systems by 1,238.8% in the fourth quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after acquiring an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of FLIR Systems in the fourth quarter valued at about $145,000. Institutional investors own 91.97% of the company’s stock.

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Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $51.54 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57. The company has a market capitalization of $7,159.94, a PE ratio of 66.08 and a beta of 0.68. FLIR Systems, Inc. has a 52-week low of $33.95 and a 52-week high of $52.88.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.16 dividend. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, February 22nd. FLIR Systems’s payout ratio is currently 82.05%.

Several equities analysts have recently commented on the company. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stephens set a $59.00 price objective on FLIR Systems and gave the company a “buy” rating in a research report on Friday, February 16th. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Needham & Company LLC boosted their price objective on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $51.33.

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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.

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

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