19,232 Shares in FLIR Systems (NASDAQ:FLIR) Acquired by Commerce Bank

Commerce Bank acquired a new position in shares of FLIR Systems (NASDAQ:FLIR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,232 shares of the scientific and technical instruments company’s stock, valued at approximately $961,000.

Other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in shares of FLIR Systems during the fourth quarter worth $963,000. Jennison Associates LLC increased its position in shares of FLIR Systems by 1.0% during the fourth quarter. Jennison Associates LLC now owns 918,702 shares of the scientific and technical instruments company’s stock worth $42,830,000 after acquiring an additional 8,911 shares during the period. Retirement Systems of Alabama increased its position in shares of FLIR Systems by 29.2% during the fourth quarter. Retirement Systems of Alabama now owns 258,824 shares of the scientific and technical instruments company’s stock worth $12,066,000 after acquiring an additional 58,430 shares during the period. Lazard Asset Management LLC increased its position in shares of FLIR Systems by 5.9% during the fourth quarter. Lazard Asset Management LLC now owns 936,206 shares of the scientific and technical instruments company’s stock worth $43,645,000 after acquiring an additional 52,420 shares during the period. Finally, Swiss National Bank increased its position in shares of FLIR Systems by 0.4% during the fourth quarter. Swiss National Bank now owns 503,529 shares of the scientific and technical instruments company’s stock worth $23,475,000 after acquiring an additional 2,000 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Angus L. Macdonald sold 12,532 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the completion of the sale, the director now owns 33,209 shares in the company, valued at $1,796,938.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Angus L. Macdonald sold 22,368 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $54.09, for a total transaction of $1,209,885.12. Following the sale, the director now owns 21,745 shares of the company’s stock, valued at approximately $1,176,187.05. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Several equities analysts recently commented on FLIR shares. Stephens set a $59.00 target price on FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Needham & Company LLC increased their target price on FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Imperial Capital increased their target price on FLIR Systems from $38.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, March 22nd. Finally, ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $52.71.

NASDAQ FLIR opened at $54.44 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.91 and a quick ratio of 2.72. FLIR Systems has a 1 year low of $54.64 and a 1 year high of $55.26. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 27.37 and a beta of 0.69.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. FLIR Systems had a net margin of 5.66% and a return on equity of 15.43%. The company had revenue of $439.60 million during the quarter, compared to the consensus estimate of $397.84 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. FLIR Systems’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts anticipate that FLIR Systems will post 2.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be paid a $0.16 dividend. The ex-dividend date is Thursday, May 24th. This represents a $0.64 annualized dividend and a yield of 1.18%. FLIR Systems’s dividend payout ratio is presently 34.04%.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

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

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