Sumitomo Mitsui Asset Management Company LTD continued to hold its stake in FLIR Systems, Inc. (NASDAQ:FLIR) during the second quarter, Holdings Channel reports. The fund owned 10,922 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in FLIR Systems were worth $378,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FLIR. Vanguard Group Inc. increased its stake in FLIR Systems by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,326,125 shares of the scientific and technical instruments company’s stock valued at $483,473,000 after buying an additional 409,124 shares during the last quarter. BlackRock Inc. increased its stake in FLIR Systems by 1,749.1% in the first quarter. BlackRock Inc. now owns 8,789,416 shares of the scientific and technical instruments company’s stock valued at $318,878,000 after buying an additional 8,314,071 shares during the last quarter. State Street Corp increased its stake in FLIR Systems by 1.4% in the first quarter. State Street Corp now owns 5,459,779 shares of the scientific and technical instruments company’s stock valued at $198,084,000 after buying an additional 73,938 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in FLIR Systems by 5.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 2,027,764 shares of the scientific and technical instruments company’s stock valued at $70,283,000 after buying an additional 100,971 shares during the last quarter. Finally, Findlay Park Partners LLP increased its stake in FLIR Systems by 1,465.0% in the first quarter. Findlay Park Partners LLP now owns 1,565,000 shares of the scientific and technical instruments company’s stock valued at $56,778,000 after buying an additional 1,465,000 shares during the last quarter. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) opened at 37.41 on Friday. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 24.12 and a beta of 0.59. The stock has a 50 day moving average of $36.77 and a 200 day moving average of $36.51. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $38.95.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $434.12 million during the quarter, compared to analysts’ expectations of $437.32 million. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 EPS. Equities research analysts anticipate that FLIR Systems, Inc. will post $1.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s dividend payout ratio (DPR) is currently 38.46%.

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Several equities research analysts have recently weighed in on FLIR shares. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, July 27th. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Stephens started coverage on shares of FLIR Systems in a research 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 target price for the company in a research 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 research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $38.13.

In related news, VP Jeffrey Frank sold 13,971 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $37.40, for a total transaction of $522,515.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Wright Crouch sold 38,800 shares of the stock in a transaction dated 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 sale, 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. Insiders have sold a total of 64,358 shares of company stock valued at $2,349,223 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

About FLIR Systems

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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