FLIR Systems, Inc. (FLIR) Shares Sold by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC decreased its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 446,530 shares of the scientific and technical instruments company’s stock after selling 104,140 shares during the quarter. Chartwell Investment Partners LLC owned about 0.32% of FLIR Systems worth $17,374,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its position in shares of FLIR Systems by 14.0% in the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after buying an additional 400 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of FLIR Systems in the second quarter valued at $116,000. ETF Managers Group LLC purchased a new position in shares of FLIR Systems in the second quarter valued at $171,000. Sei Investments Co. increased its position in shares of FLIR Systems by 76.3% in the third quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock valued at $175,000 after buying an additional 1,951 shares in the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of FLIR Systems in the first quarter valued at $203,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.
FLIR Systems, Inc. (NASDAQ:FLIR) traded down $0.95 during trading on Monday, reaching $46.53. The company had a trading volume of 1,410,100 shares, compared to its average volume of 954,848. The stock has a market cap of $6,447.86, a PE ratio of 25.57 and a beta of 0.63. FLIR Systems, Inc. has a 1 year low of $33.75 and a 1 year high of $48.06. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. equities research analysts predict that FLIR Systems, Inc. will post 1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 22nd. FLIR Systems’s dividend payout ratio is presently 37.74%.
In related news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $38.25, for a total value of $9,995,490.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 283,356 shares of company stock valued at $11,034,806. 3.00% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on FLIR. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday. SunTrust Banks, Inc. raised their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Raymond James Financial, Inc. raised their price target on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird restated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.33.
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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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