Segall Bryant & Hamill LLC lessened its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,678,130 shares of the scientific and technical instruments company’s stock after selling 52,411 shares during the period. FLIR Systems accounts for approximately 1.9% of Segall Bryant & Hamill LLC’s holdings, making the stock its 4th biggest position. Segall Bryant & Hamill LLC’s holdings in FLIR Systems were worth $83,923,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Three Peaks Capital Management LLC bought a new stake in shares of FLIR Systems during the 1st quarter valued at $111,000. Twin Tree Management LP boosted its stake in FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 1,259 shares in the last quarter. Advisory Services Network LLC boosted its stake in FLIR Systems by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after purchasing an additional 2,490 shares in the last quarter. Ostrum Asset Management bought a new position in FLIR Systems in the 1st quarter worth about $143,000. Finally, First Mercantile Trust Co. bought a new position in FLIR Systems in the 4th quarter worth about $145,000. Hedge funds and other institutional investors own 93.26% of the company’s stock.
FLIR Systems traded up $0.50, hitting $54.97, during midday trading on Thursday, according to Marketbeat Ratings. 5,576 shares of the company traded hands, compared to its average volume of 1,007,457. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.72 and a current ratio of 3.91. The stock has a market capitalization of $7.52 billion, a P/E ratio of 28.97 and a beta of 0.69. FLIR Systems, Inc. has a 52 week low of $33.95 and a 52 week high of $55.72.
The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 24th. FLIR Systems’s dividend payout ratio is currently 34.04%.
A number of equities analysts recently issued reports on FLIR shares. Stephens set a $59.00 price target on shares of FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target (up previously from $58.00) on shares of FLIR Systems in a research note on Thursday, May 31st. Imperial Capital upped their price target on shares of FLIR Systems from $38.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, March 22nd. Finally, ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.86.
In other FLIR Systems news, Director Angus L. Macdonald sold 12,532 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the transaction, the director now owns 33,209 shares in the company, valued at approximately $1,796,938.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John D. Carter sold 13,600 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $54.68, for a total transaction of $743,648.00. Following the transaction, the director now owns 53,658 shares in the company, valued at approximately $2,934,019.44. The disclosure for this sale can be found here. Insiders have sold a total of 65,626 shares of company stock worth $3,566,256 in the last 90 days. Company insiders own 2.00% of the company’s stock.
FLIR Systems Profile
FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.
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