WCM Investment Management LLC Sells 3,109 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)
WCM Investment Management LLC lowered its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,413 shares of the scientific and technical instruments company’s stock after selling 3,109 shares during the quarter. WCM Investment Management LLC’s holdings in FLIR Systems were worth $5,919,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC purchased a new position in FLIR Systems in the 1st quarter worth about $39,000. Quadrant Capital Group LLC increased its stake in FLIR Systems by 340.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock worth $69,000 after buying an additional 1,192 shares during the period. Hilton Capital Management LLC purchased a new position in FLIR Systems in the 1st quarter worth about $92,000. Cullen Frost Bankers Inc. purchased a new position in FLIR Systems in the 1st quarter worth about $104,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in FLIR Systems in the 2nd quarter worth about $108,000. Institutional investors and hedge funds own 92.82% of the company’s stock.
NASDAQ FLIR traded up $0.09 during trading on Thursday, reaching $47.98. 25,955 shares of the company’s stock traded hands, compared to its average volume of 1,036,556. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.47 and a quick ratio of 1.61. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 21.62 and a beta of 1.17. The company’s 50 day simple moving average is $50.98 and its two-hundred day simple moving average is $50.64. FLIR Systems, Inc. has a 12-month low of $40.52 and a 12-month high of $63.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, August 22nd. FLIR Systems’s dividend payout ratio (DPR) is 30.63%.
FLIR has been the topic of several recent analyst reports. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Imperial Capital raised shares of FLIR Systems from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Finally, BidaskClub downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $60.50.
FLIR Systems Company Profile
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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