US Bancorp DE Acquires 5,334 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)

US Bancorp DE boosted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,926 shares of the scientific and technical instruments company’s stock after buying an additional 5,334 shares during the quarter. US Bancorp DE owned approximately 0.10% of FLIR Systems worth $7,083,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLIR. Bank of New York Mellon Corp grew its position in FLIR Systems by 45.5% during the second quarter. Bank of New York Mellon Corp now owns 3,311,826 shares of the scientific and technical instruments company’s stock valued at $179,171,000 after buying an additional 1,036,120 shares during the period. JPMorgan Chase & Co. boosted its position in shares of FLIR Systems by 336.1% in the second quarter. JPMorgan Chase & Co. now owns 1,331,599 shares of the scientific and technical instruments company’s stock worth $71,108,000 after purchasing an additional 1,026,228 shares during the period. Argent Capital Management LLC boosted its position in shares of FLIR Systems by 122.7% in the first quarter. Argent Capital Management LLC now owns 1,145,129 shares of the scientific and technical instruments company’s stock worth $54,485,000 after purchasing an additional 630,869 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of FLIR Systems by 1,643.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 426,489 shares of the scientific and technical instruments company’s stock worth $23,073,000 after purchasing an additional 402,024 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of FLIR Systems by 32.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,104,730 shares of the scientific and technical instruments company’s stock worth $52,563,000 after purchasing an additional 270,180 shares during the period. Institutional investors own 90.88% of the company’s stock.

A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub upgraded shares of FLIR Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Berenberg Bank assumed coverage on shares of FLIR Systems in a research report on Friday, September 6th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Imperial Capital upgraded shares of FLIR Systems from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $57.00 in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FLIR Systems has a consensus rating of “Buy” and an average price target of $60.40.



Shares of NASDAQ:FLIR traded down $0.06 during midday trading on Wednesday, reaching $52.57. 23,495 shares of the company were exchanged, compared to its average volume of 723,966. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $49.05 and its two-hundred day moving average is $50.49. FLIR Systems, Inc. has a one year low of $40.52 and a one year high of $62.75. The stock has a market cap of $7.15 billion, a PE ratio of 23.70 and a beta of 1.17.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $482.00 million during the quarter, compared to analyst estimates of $478.42 million. FLIR Systems had a net margin of 15.44% and a return on equity of 16.56%. FLIR Systems’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, sell-side analysts expect that FLIR Systems, Inc. will post 2.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, August 22nd. FLIR Systems’s payout ratio is 30.63%.

About FLIR Systems

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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