Shares of FLIR Systems, Inc. (NASDAQ:FLIR) have received a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $62.67.
Several brokerages recently issued reports on FLIR. Imperial Capital restated 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. Zacks Investment Research upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. SunTrust Banks boosted their price target on FLIR Systems to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, BidaskClub lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.
Get FLIR Systems alerts:NASDAQ FLIR opened at $50.55 on Friday. FLIR Systems has a twelve month low of $40.52 and a twelve month high of $63.88. The company has a quick ratio of 2.98, a current ratio of 4.09 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.85 billion, a P/E ratio of 22.77 and a beta of 1.12.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. The business had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $463.91 million. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was down 9.4% compared to the same quarter last year. As a group, analysts expect that FLIR Systems will post 2.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were paid a $0.17 dividend. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, February 21st. FLIR Systems’s dividend payout ratio is currently 30.63%.
In other news, SVP Todd M. Duchene sold 7,566 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $50.61, for a total value of $382,915.26. Following the transaction, the senior vice president now directly owns 28,070 shares of the company’s stock, valued at approximately $1,420,622.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Earl R. Lewis sold 132,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $52.11, for a total value of $6,883,731.00. Following the completion of the transaction, the director now directly owns 635,487 shares in the company, valued at $33,115,227.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,944 shares of company stock worth $13,142,818. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. CSat Investment Advisory L.P. boosted its holdings in shares of FLIR Systems by 147.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 574 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock worth $63,000 after acquiring an additional 224 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of FLIR Systems by 493.0% in the 4th quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock worth $122,000 after acquiring an additional 2,332 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of FLIR Systems by 31.1% in the 4th quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after acquiring an additional 673 shares in the last quarter. Finally, Ffcm LLC boosted its holdings in shares of FLIR Systems by 660.2% in the 4th quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after acquiring an additional 2,773 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors and hedge funds.
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.
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