Candriam Luxembourg S.C.A. Invests $5.77 Million in FLIR Systems, Inc. (FLIR)

Candriam Luxembourg S.C.A. purchased a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 93,864 shares of the scientific and technical instruments company’s stock, valued at approximately $5,770,000. Candriam Luxembourg S.C.A. owned 0.07% of FLIR Systems at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CENTRAL TRUST Co boosted its stake in FLIR Systems by 4.9% during the 3rd quarter. CENTRAL TRUST Co now owns 22,510 shares of the scientific and technical instruments company’s stock worth $1,384,000 after acquiring an additional 1,055 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in FLIR Systems by 2.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,868 shares of the scientific and technical instruments company’s stock worth $2,280,000 after acquiring an additional 1,236 shares during the last quarter. Toronto Dominion Bank boosted its stake in FLIR Systems by 1.4% during the 3rd quarter. Toronto Dominion Bank now owns 89,623 shares of the scientific and technical instruments company’s stock worth $5,507,000 after acquiring an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in FLIR Systems by 54.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,586 shares of the scientific and technical instruments company’s stock worth $186,000 after acquiring an additional 1,265 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in FLIR Systems by 24.9% during the 3rd quarter. IFM Investors Pty Ltd now owns 7,904 shares of the scientific and technical instruments company’s stock worth $486,000 after acquiring an additional 1,574 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.

Shares of FLIR opened at $47.76 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.04 and a current ratio of 4.21. FLIR Systems, Inc. has a twelve month low of $45.00 and a twelve month high of $63.88. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 25.40 and a beta of 1.10.



FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.57. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The firm had revenue of $434.89 million for the quarter, compared to analyst estimates of $445.46 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Analysts anticipate that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, November 21st. FLIR Systems’s payout ratio is currently 34.04%.

In other FLIR Systems news, VP Jeffrey Frank sold 42,912 shares of FLIR Systems stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $62.19, for a total value of $2,668,697.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $62.25, for a total transaction of $1,245,000.00. Following the completion of the transaction, the director now directly owns 503,387 shares in the company, valued at approximately $31,335,840.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,912 shares of company stock worth $4,032,277. Insiders own 2.00% of the company’s stock.

FLIR has been the topic of several recent analyst reports. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Imperial Capital reissued an “outperform” rating and set a $60.00 price objective (up previously from $53.00) on shares of FLIR Systems in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Needham & Company LLC lifted their price objective on shares of FLIR Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $58.17.

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

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