AustralianSuper Pty Ltd Purchases New Position in FLIR Systems, Inc. (NASDAQ:FLIR)

AustralianSuper Pty Ltd bought a new stake in FLIR Systems, Inc. (NASDAQ:FLIR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,111,200 shares of the scientific and technical instruments company’s stock, valued at approximately $82,147,000. FLIR Systems makes up about 3.7% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 11th biggest holding. AustralianSuper Pty Ltd owned 1.52% of FLIR Systems at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FLIR. Commonwealth Bank of Australia lifted its position in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of FLIR Systems in the second quarter valued at about $116,000. ETF Managers Group LLC bought a new stake in shares of FLIR Systems in the second quarter valued at about $171,000. Sei Investments Co. raised its holdings in shares of FLIR Systems by 76.3% in the third quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock valued at $175,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of FLIR Systems in the third quarter valued at about $211,000. 92.94% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total transaction of $423,000.00. Following the transaction, the senior vice president now owns 29,767 shares of the company’s stock, valued at approximately $1,399,049. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction dated Friday, October 27th. The stock was 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. Over the last quarter, insiders have sold 22,036 shares of company stock valued at $1,039,316. Company insiders own 3.00% of the company’s stock.

Several equities analysts have issued reports on FLIR shares. Needham & Company LLC lifted their target price on FLIR Systems from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks lifted their target price on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, Raymond James Financial lifted their target price on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 25th. One equities research 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.33.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) traded down $0.39 on Friday, hitting $46.62. The company had a trading volume of 529,008 shares, compared to its average volume of 967,468. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36. The stock has a market capitalization of $6,460.00, a PE ratio of 29.51 and a beta of 0.62. FLIR Systems, Inc. has a 52-week low of $33.75 and a 52-week high of $48.43.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is presently 37.97%.

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FLIR Systems Company Profile

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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