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.
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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