Swiss National Bank lifted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,529 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,000 shares during the quarter. Swiss National Bank’s holdings in FLIR Systems were worth $23,475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exane Derivatives bought a new position in FLIR Systems during the fourth quarter valued at about $100,000. Cerebellum GP LLC bought a new position in FLIR Systems during the fourth quarter valued at about $119,000. First Mercantile Trust Co. bought a new position in FLIR Systems during the fourth quarter valued at about $145,000. Enterprise Financial Services Corp bought a new position in FLIR Systems during the fourth quarter valued at about $184,000. Finally, Bray Capital Advisors bought a new position in FLIR Systems during the fourth quarter valued at about $207,000. Hedge funds and other institutional investors own 90.32% of the company’s stock.
FLIR has been the subject of several research reports. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, January 9th. SunTrust Banks upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (up from $42.00) on shares of FLIR Systems in a report on Thursday, October 26th. Finally, Stephens set a $59.00 price objective on shares of FLIR Systems and gave the company a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. FLIR Systems presently has an average rating of “Buy” and an average price target of $49.43.
Shares of FLIR Systems, Inc. (FLIR) opened at $49.09 on Monday. The company has a market cap of $6,802.61, a PE ratio of 26.11 and a beta of 0.66. FLIR Systems, Inc. has a fifty-two week low of $33.95 and a fifty-two week high of $52.88. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23.
FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The firm had revenue of $494.80 million for the quarter, compared to the consensus estimate of $501.44 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, February 22nd. FLIR Systems’s dividend payout ratio is presently 76.92%.
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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.
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