29,900 Shares in FLIR Systems, Inc. (FLIR) Acquired by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,900 shares of the scientific and technical instruments company’s stock, valued at approximately $1,163,000.

A number of other hedge funds have also bought and sold shares of FLIR. Howe & Rusling Inc. bought a new stake in shares of FLIR Systems in the third quarter valued at about $261,000. Cardinal Capital Management lifted its holdings in shares of FLIR Systems by 10.0% in the third quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock valued at $647,000 after purchasing an additional 1,510 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of FLIR Systems by 8.2% in the second quarter. Legal & General Group Plc now owns 208,746 shares of the scientific and technical instruments company’s stock valued at $7,236,000 after purchasing an additional 15,823 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of FLIR Systems by 253.7% in the second quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock valued at $27,692,000 after purchasing an additional 573,103 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of FLIR Systems by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 652,207 shares of the scientific and technical instruments company’s stock valued at $22,606,000 after purchasing an additional 18,041 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of FLIR Systems, Inc. (NASDAQ:FLIR) opened at $46.25 on Tuesday. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6,420.00, a PE ratio of 25.51 and a beta of 0.62. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $48.06.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is currently 37.97%.

A number of analysts have recently commented on the company. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. SunTrust Banks boosted their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Finally, Raymond James Financial boosted their price target on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.33.

In related news, SVP Todd M. Duchene sold 9,000 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the sale, the senior vice president now owns 29,767 shares of the company’s stock, valued at $1,399,049. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,036 shares of company stock worth $1,039,316. 3.00% of the stock is owned by company insiders.

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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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