New York State Teachers Retirement System decreased its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 229,121 shares of the scientific and technical instruments company’s stock after selling 3,654 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of FLIR Systems worth $8,915,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. bought a new position in FLIR Systems during the 3rd quarter worth approximately $261,000. Cardinal Capital Management boosted its stake in FLIR Systems by 10.0% during the 3rd quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock worth $647,000 after acquiring an additional 1,510 shares during the last quarter. Legal & General Group Plc boosted its stake in FLIR Systems by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 208,746 shares of the scientific and technical instruments company’s stock worth $7,236,000 after acquiring an additional 15,823 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in FLIR Systems by 253.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after acquiring an additional 573,103 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in FLIR Systems by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 652,207 shares of the scientific and technical instruments company’s stock worth $22,606,000 after acquiring an additional 18,041 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Brian E. Harding sold 1,836 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the transaction, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total transaction of $764,400.00. Following the transaction, the director now owns 509,379 shares in the company, valued at $19,468,465.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,356 shares of company stock worth $11,799,206. 3.00% of the stock is owned by corporate insiders.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $46.99 on Thursday. The company has a quick ratio of 2.36, a current ratio of 3.48 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a fifty-two week low of $31.81 and a fifty-two week high of $48.06. The stock has a market cap of $6,550.40, a P/E ratio of 25.97 and a beta of 0.63.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $464.70 million for the quarter, compared to the consensus estimate of $446.06 million. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. sell-side analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. FLIR Systems’s payout ratio is 37.74%.

FLIR has been the topic of a number of research reports. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research note on Tuesday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. Finally, SunTrust Banks, Inc. lifted their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.33.

WARNING: “FLIR Systems, Inc. (FLIR) Position Trimmed by New York State Teachers Retirement System” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/09/flir-systems-inc-flir-position-trimmed-by-new-york-state-teachers-retirement-system.html.

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.

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

Receive News & Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.