TD Asset Management Inc. Sells 534 Shares of FLIR Systems, Inc. (FLIR)
TD Asset Management Inc. cut its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,453 shares of the scientific and technical instruments company’s stock after selling 534 shares during the period. TD Asset Management Inc.’s holdings in FLIR Systems were worth $7,502,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 worth $483,473,000 after buying an additional 409,124 shares in the last quarter. BlackRock Inc. raised 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 in the last quarter. State Street Corp raised 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 in the last quarter. Chevy Chase Trust Holdings Inc. raised 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 in the last quarter. Finally, Findlay Park Partners LLP raised 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 in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
FLIR Systems, Inc. (NASDAQ:FLIR) opened at 38.32 on Thursday. The firm has a market capitalization of $5.26 billion, a P/E ratio of 24.71 and a beta of 0.59. The company has a 50-day moving average price of $37.02 and a 200 day moving average price of $36.58. FLIR Systems, Inc. has a 1-year low of $28.26 and a 1-year high of $38.94.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The business had revenue of $434.12 million for the quarter, compared to the consensus estimate of $437.32 million. During the same period in the prior year, the business earned $0.37 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts expect that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. FLIR Systems’s dividend payout ratio is currently 38.46%.
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Several research firms have commented on FLIR. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, July 27th. BidaskClub lowered FLIR Systems from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Stephens assumed coverage on FLIR Systems in a research report on Friday, July 7th. They set an “overweight” rating on the stock. Finally, Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.13.
In other news, 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 value of $1,394,860.00. Following the sale, the director now directly owns 36,006 shares in the company, valued at $1,294,415.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Earl R. Lewis sold 11,587 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $37.27, for a total value of $431,847.49. The disclosure for this sale can be found here. 3.00% of the stock is 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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