FLIR Systems, Inc. (FLIR) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,827 shares of the scientific and technical instruments company’s stock after selling 3,157 shares during the period. Texas Permanent School Fund’s holdings in FLIR Systems were worth $1,212,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atlas Capital Advisors LLC grew its holdings in shares of FLIR Systems by 493.0% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock valued at $122,000 after acquiring an additional 2,332 shares in the last quarter. Stephens Inc. AR boosted its holdings in FLIR Systems by 31.1% in the fourth quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 673 shares in the last quarter. Ffcm LLC boosted its holdings in FLIR Systems by 660.2% in the fourth quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after purchasing an additional 2,773 shares in the last quarter. CWM LLC boosted its holdings in FLIR Systems by 58.8% in the fourth quarter. CWM LLC now owns 3,801 shares of the scientific and technical instruments company’s stock worth $165,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in FLIR Systems in the third quarter worth $206,000. Institutional investors and hedge funds own 89.49% of the company’s stock.

NASDAQ:FLIR traded up $0.05 during trading hours on Friday, reaching $50.59. The company’s stock had a trading volume of 3,962 shares, compared to its average volume of 953,748. The company has a current ratio of 4.09, a quick ratio of 2.98 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a one year low of $40.52 and a one year high of $63.88. The stock has a market capitalization of $6.86 billion, a PE ratio of 22.73 and a beta of 1.11.



FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. FLIR Systems had a net margin of 15.90% and a return on equity of 16.86%. The company had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $463.91 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that FLIR Systems, Inc. will post 2.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, February 21st. FLIR Systems’s dividend payout ratio is 30.63%.

In other FLIR Systems news, SVP Todd M. Duchene sold 7,566 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $50.61, for a total transaction of $382,915.26. Following the completion of the sale, the senior vice president now directly owns 28,070 shares in the company, valued at $1,420,622.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Todd M. Duchene sold 8,544 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $50.33, for a total transaction of $430,019.52. Following the sale, the senior vice president now owns 24,526 shares of the company’s stock, valued at $1,234,393.58. The disclosure for this sale can be found here. Insiders have sold 262,488 shares of company stock valued at $13,572,838 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

A number of brokerages recently issued reports on FLIR. Imperial Capital reiterated an “in-line” rating and issued a $56.00 price objective (up from $51.00) on shares of FLIR Systems in a report on Wednesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. SunTrust Banks upped their price objective on shares of FLIR Systems to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Finally, BidaskClub cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and a consensus target price of $62.29.

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FLIR Systems 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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