Metropolitan Life Insurance Co. NY cut its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 67,379 shares of the scientific and technical instruments company’s stock after selling 915 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in FLIR Systems were worth $2,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cribstone Capital Management LLC acquired a new position in FLIR Systems during the first quarter valued at approximately $106,000. TrimTabs Asset Management LLC acquired a new position in FLIR Systems during the first quarter valued at approximately $112,000. Mn Services Vermogensbeheer B.V. increased its position in FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 163 shares during the period. FTB Advisors Inc. acquired a new position in FLIR Systems during the first quarter valued at approximately $130,000. Finally, Daiwa Securities Group Inc. increased its position in FLIR Systems by 21.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 700 shares during the period. 91.83% of the stock is owned by institutional investors.

FLIR Systems, Inc. (FLIR) opened at 38.15 on Tuesday. FLIR Systems, Inc. has a one year low of $28.26 and a one year high of $38.94. The company has a market capitalization of $5.21 billion, a P/E ratio of 25.42 and a beta of 0.58. The firm has a 50-day moving average of $36.65 and a 200 day moving average of $36.28.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $408.57 million. FLIR Systems had a net margin of 12.32% and a return on equity of 13.58%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. On average, equities analysts forecast that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

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Several research analysts recently commented on FLIR shares. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday. Stephens started coverage on shares of FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating for the company. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Monday, July 10th. Finally, UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.63.

In related news, Director Earl R. Lewis sold 15,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $37.26, for a total transaction of $558,900.00. Following the completion of the transaction, the director now owns 551,234 shares in the company, valued at $20,538,978.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Wright Crouch sold 38,800 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the transaction, the director now owns 36,006 shares of the company’s stock, valued at approximately $1,294,415.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,771 shares of company stock valued at $2,625,195. 3.00% of the stock is owned by company insiders.

FLIR Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include 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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