MUFG Securities EMEA plc cut its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 68.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,204 shares of the scientific and technical instruments company’s stock after selling 31,139 shares during the period. MUFG Securities EMEA plc’s holdings in FLIR Systems were worth $768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of FLIR Systems by 45.5% during the second quarter. Bank of New York Mellon Corp now owns 3,311,826 shares of the scientific and technical instruments company’s stock valued at $179,171,000 after purchasing an additional 1,036,120 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in FLIR Systems by 8.7% in the second quarter. AustralianSuper Pty Ltd now owns 3,125,626 shares of the scientific and technical instruments company’s stock valued at $169,096,000 after acquiring an additional 251,466 shares in the last quarter. Geode Capital Management LLC boosted its stake in FLIR Systems by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock valued at $94,034,000 after acquiring an additional 122,436 shares in the last quarter. Wells Fargo & Company MN boosted its stake in FLIR Systems by 15.3% in the second quarter. Wells Fargo & Company MN now owns 1,903,945 shares of the scientific and technical instruments company’s stock valued at $103,003,000 after acquiring an additional 252,088 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in FLIR Systems by 10.3% in the second quarter. Eagle Asset Management Inc. now owns 1,784,535 shares of the scientific and technical instruments company’s stock valued at $96,543,000 after acquiring an additional 166,051 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

FLIR traded up $0.48 during trading on Friday, hitting $52.93. The stock had a trading volume of 26,797 shares, compared to its average volume of 721,388. The company has a market capitalization of $7.04 billion, a PE ratio of 23.86 and a beta of 1.17. FLIR Systems, Inc. has a twelve month low of $40.52 and a twelve month high of $63.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.61 and a current ratio of 2.47. The stock has a 50 day simple moving average of $48.87 and a two-hundred day simple moving average of $50.47.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company had revenue of $482.00 million during the quarter, compared to the consensus estimate of $478.42 million. FLIR Systems had a net margin of 15.44% and a return on equity of 16.56%. FLIR Systems’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, equities research analysts anticipate that FLIR Systems, Inc. will post 2.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. FLIR Systems’s dividend payout ratio (DPR) is presently 30.63%.

Several equities research analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of FLIR Systems in a research note on Friday, September 6th. They issued a “buy” rating and a $60.00 target price for the company. Imperial Capital upgraded shares of FLIR Systems from an “in-line” rating to an “outperform” rating and raised their target price for the company from $56.00 to $57.00 in a research note on Wednesday, May 22nd. ValuEngine downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. FLIR Systems currently has a consensus rating of “Buy” and a consensus price target of $60.40.

About FLIR Systems

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

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