FLIR Systems, Inc. (FLIR) SVP Todd M. Duchene Sells 8,544 Shares

FLIR Systems, Inc. (NASDAQ:FLIR) SVP Todd M. Duchene sold 8,544 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $50.33, for a total value of $430,019.52. Following the completion of the transaction, the senior vice president now directly owns 24,526 shares in the company, valued at approximately $1,234,393.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

FLIR Systems stock opened at $50.54 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.98 and a current ratio of 4.09. FLIR Systems, Inc. has a 12 month low of $40.52 and a 12 month high of $63.88. The firm has a market cap of $6.86 billion, a PE ratio of 22.77 and a beta of 1.11.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the 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 business had revenue of $448.50 million for the quarter, compared to analysts’ expectations of $463.91 million. During the same period in the previous year, the company posted $0.58 EPS. FLIR Systems’s revenue was down 9.4% on a year-over-year basis. As a group, equities analysts expect that FLIR Systems, Inc. will post 2.34 earnings per share for the current fiscal year.



The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were issued a dividend of $0.17 per share. This is a boost 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 of this dividend was Thursday, February 21st. FLIR Systems’s payout ratio is currently 30.63%.

Several research analysts have issued reports on the company. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Zacks Investment Research raised FLIR Systems from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. SunTrust Banks upped their price target on FLIR Systems to $60.00 and gave the company a “buy” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Finally, Raymond James dropped their price target on FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a report on Friday, January 11th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $62.29.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in FLIR Systems by 2.0% in the third quarter. Vanguard Group Inc now owns 14,826,308 shares of the scientific and technical instruments company’s stock worth $911,374,000 after purchasing an additional 290,026 shares in the last quarter. BlackRock Inc. boosted its holdings in FLIR Systems by 1.5% in the fourth quarter. BlackRock Inc. now owns 9,967,753 shares of the scientific and technical instruments company’s stock worth $433,996,000 after purchasing an additional 150,819 shares in the last quarter. Capital World Investors boosted its holdings in FLIR Systems by 0.3% in the third quarter. Capital World Investors now owns 3,845,310 shares of the scientific and technical instruments company’s stock worth $236,371,000 after purchasing an additional 11,816 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in FLIR Systems by 9.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock worth $147,281,000 after purchasing an additional 292,141 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in FLIR Systems by 7.1% in the third quarter. AQR Capital Management LLC now owns 3,331,074 shares of the scientific and technical instruments company’s stock worth $204,761,000 after purchasing an additional 222,104 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

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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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