FLIR Systems, Inc. (NASDAQ:FLIR) Shares Sold by Hardman Johnston Global Advisors LLC

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Hardman Johnston Global Advisors LLC lessened its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 461,139 shares of the scientific and technical instruments company’s stock after selling 5,650 shares during the period. FLIR Systems accounts for about 1.1% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 24th biggest position. Hardman Johnston Global Advisors LLC’s holdings in FLIR Systems were worth $24,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. TD Asset Management Inc. boosted its holdings in FLIR Systems by 23.8% in the 1st quarter. TD Asset Management Inc. now owns 51,113 shares of the scientific and technical instruments company’s stock valued at $2,432,000 after purchasing an additional 9,821 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of FLIR Systems by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,920 shares of the scientific and technical instruments company’s stock worth $377,000 after acquiring an additional 373 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of FLIR Systems by 12.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,651,857 shares of the scientific and technical instruments company’s stock worth $78,595,000 after acquiring an additional 185,815 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of FLIR Systems by 15.9% during the 1st quarter. Toronto Dominion Bank now owns 88,567 shares of the scientific and technical instruments company’s stock worth $4,213,000 after acquiring an additional 12,146 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of FLIR Systems by 4.1% during the 2nd quarter. Retirement Systems of Alabama now owns 180,115 shares of the scientific and technical instruments company’s stock worth $9,744,000 after acquiring an additional 7,107 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Shares of NASDAQ:FLIR traded down $0.27 during trading on Tuesday, hitting $47.40. 45,520 shares of the stock were exchanged, compared to its average volume of 1,034,370. The company has a fifty day moving average price of $51.23 and a two-hundred day moving average price of $50.65. The company has a market cap of $6.37 billion, a PE ratio of 21.35 and a beta of 1.17. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. FLIR Systems, Inc. has a 12-month low of $40.52 and a 12-month high of $63.88.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business had revenue of $482.00 million for the quarter, compared to analyst estimates of $478.42 million. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. Equities research analysts anticipate that FLIR Systems, Inc. will post 2.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 22nd. FLIR Systems’s payout ratio is currently 30.63%.

FLIR has been the topic of several research analyst reports. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. BidaskClub lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.50.

FLIR Systems 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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