FLIR Systems, Inc. (FLIR) Shares Sold by Prospector Partners LLC

Prospector Partners LLC decreased its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 322,850 shares of the scientific and technical instruments company’s stock after selling 3,800 shares during the quarter. FLIR Systems accounts for approximately 1.9% of Prospector Partners LLC’s holdings, making the stock its 9th biggest holding. Prospector Partners LLC owned approximately 0.23% of FLIR Systems worth $12,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in FLIR Systems by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 13,611,660 shares of the scientific and technical instruments company’s stock worth $471,779,000 after buying an additional 285,535 shares in the last quarter. BlackRock Inc. lifted its position in FLIR Systems by 6.6% during the 2nd quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after buying an additional 576,951 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its position in FLIR Systems by 153.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after buying an additional 1,841,965 shares in the last quarter. Findlay Park Partners LLP lifted its position in FLIR Systems by 38.3% during the 3rd quarter. Findlay Park Partners LLP now owns 2,165,000 shares of the scientific and technical instruments company’s stock worth $84,240,000 after buying an additional 600,000 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in FLIR Systems by 4.4% during the 2nd quarter. Earnest Partners LLC now owns 2,128,673 shares of the scientific and technical instruments company’s stock worth $73,780,000 after buying an additional 90,335 shares in the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

Several brokerages recently issued reports on FLIR. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Thursday, October 26th. Robert W. Baird reiterated a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Raymond James Financial upped their price target on shares of FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks upped their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.33.

FLIR Systems, Inc. (NASDAQ:FLIR) traded down $0.39 during trading on Friday, reaching $46.62. 529,008 shares of the company’s stock were exchanged, compared to its average volume of 967,468. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a 52 week low of $33.75 and a 52 week high of $48.43. The firm has a market cap of $6,460.00, a P/E ratio of 29.51 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The company had revenue of $464.70 million for the quarter, compared to the consensus estimate of $446.06 million. During the same period in the prior year, the company posted $0.48 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. research analysts expect that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders 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 dividend on an annualized basis and a yield of 1.29%. FLIR Systems’s payout ratio is presently 37.97%.

In related news, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Todd M. Duchene sold 9,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $47.00, for a total transaction of $423,000.00. Following the completion of the sale, the senior vice president now owns 29,767 shares in the company, valued at $1,399,049. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,036 shares of company stock worth $1,039,316. Corporate insiders own 3.00% of the company’s stock.

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FLIR Systems 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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