AustralianSuper Pty Ltd Invests $82.15 Million in FLIR Systems, Inc. (FLIR) Stock

AustralianSuper Pty Ltd bought a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,111,200 shares of the scientific and technical instruments company’s stock, valued at approximately $82,147,000. FLIR Systems accounts for about 3.7% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 11th largest holding. AustralianSuper Pty Ltd owned approximately 1.52% of FLIR Systems at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in FLIR Systems by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,864 shares of the scientific and technical instruments company’s stock valued at $411,000 after acquiring an additional 31 shares during the last quarter. Arizona State Retirement System grew its position in FLIR Systems by 0.3% in the second quarter. Arizona State Retirement System now owns 33,822 shares of the scientific and technical instruments company’s stock valued at $1,172,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its position in FLIR Systems by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the scientific and technical instruments company’s stock valued at $295,000 after acquiring an additional 100 shares in the last quarter. Mcmillion Capital Management Inc. grew its position in FLIR Systems by 0.3% in the second quarter. Mcmillion Capital Management Inc. now owns 54,830 shares of the scientific and technical instruments company’s stock valued at $1,900,000 after acquiring an additional 150 shares in the last quarter. Finally, AXA grew its position in FLIR Systems by 0.8% in the second quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock valued at $835,000 after acquiring an additional 200 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on FLIR. Needham & Company LLC lifted their target price on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks lifted their price target on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Raymond James Financial raised their price objective on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.33.

In related news, Director Steven E. Wynne sold 11,200 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Todd M. Duchene sold 9,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,399,049. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,036 shares of company stock valued at $1,039,316. 3.00% of the stock is currently owned by insiders.

Shares of FLIR Systems, Inc. (FLIR) traded down $0.24 on Friday, hitting $47.14. The stock had a trading volume of 1,160,000 shares, compared to its average volume of 958,864. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $48.06. The firm has a market capitalization of $6,565.65, a price-to-earnings ratio of 26.03 and a beta of 0.62.

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 for the quarter, beating the consensus estimate of $0.48 by $0.04. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm had revenue of $464.70 million for the quarter, compared to analyst estimates of $446.06 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.27%. FLIR Systems’s dividend payout ratio (DPR) is presently 37.74%.

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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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