FLIR Systems, Inc. (FLIR) Stake Lessened by Janus Henderson Group PLC

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Janus Henderson Group PLC reduced its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 65.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,772 shares of the scientific and technical instruments company’s stock after selling 576,187 shares during the period. Janus Henderson Group PLC’s holdings in FLIR Systems were worth $14,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc lifted its position in FLIR Systems by 2.0% in the third quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock valued at $911,374,000 after acquiring an additional 290,026 shares during the last quarter. BlackRock Inc. increased its stake in FLIR Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 9,967,753 shares of the scientific and technical instruments company’s stock valued at $433,996,000 after purchasing an additional 150,819 shares during the period. Massachusetts Financial Services Co. MA increased its stake in FLIR Systems by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock valued at $147,281,000 after purchasing an additional 292,141 shares during the period. Geode Capital Management LLC increased its stake in FLIR Systems by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock valued at $94,034,000 after purchasing an additional 122,436 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in FLIR Systems by 67.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,660,531 shares of the scientific and technical instruments company’s stock valued at $72,300,000 after purchasing an additional 667,024 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on FLIR shares. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Imperial Capital reiterated an “in-line” rating and set a $56.00 price target (up from $51.00) on shares of FLIR Systems in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Finally, Raymond James lowered shares of FLIR Systems from a “strong-buy” rating to an “outperform” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and a consensus price target of $62.29.

In related news, SVP Todd M. Duchene sold 7,566 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $50.61, for a total transaction of $382,915.26. Following the sale, the senior vice president now owns 28,070 shares of the company’s stock, valued at $1,420,622.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Earl R. Lewis sold 132,100 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the sale, the director now directly owns 635,487 shares in the company, valued at approximately $33,115,227.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 348,899 shares of company stock worth $18,010,392. Company insiders own 2.00% of the company’s stock.

Shares of FLIR Systems stock opened at $49.85 on Thursday. FLIR Systems, Inc. has a 52-week low of $40.52 and a 52-week high of $63.88. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6.75 billion, a PE ratio of 22.45 and a beta of 1.13.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. FLIR Systems had a net margin of 17.13% and a return on equity of 16.84%. The business had revenue of $444.70 million for the quarter, compared to analyst estimates of $440.98 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that FLIR Systems, Inc. will post 2.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. FLIR Systems’s dividend payout ratio (DPR) is 30.63%.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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