AMP Capital Investors Ltd reduced its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 14.0% in the third quarter, HoldingsChannel.com reports. The fund owned 116,093 shares of the scientific and technical instruments company’s stock after selling 18,862 shares during the quarter. AMP Capital Investors Ltd’s holdings in FLIR Systems were worth $7,083,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FLIR. Fort L.P. acquired a new position in FLIR Systems in the second quarter valued at approximately $117,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of FLIR Systems during the second quarter worth approximately $130,000. Zions Bancorporation acquired a new position in shares of FLIR Systems during the third quarter worth approximately $130,000. Almanack Investment Partners LLC. acquired a new position in shares of FLIR Systems during the second quarter worth approximately $185,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of FLIR Systems during the third quarter worth approximately $206,000. Institutional investors own 90.86% of the company’s stock.

In related news, SVP Todd M. Duchene sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $62.95, for a total transaction of $62,950.00. Following the sale, the senior vice president now owns 38,453 shares of the company’s stock, valued at $2,420,616.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.

FLIR has been the subject of several analyst reports. BidaskClub upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. William Blair upgraded FLIR Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. Imperial Capital reduced their price objective on FLIR Systems from $60.00 to $51.00 and set an “in-line” rating for the company in a research report on Thursday, November 1st. They noted that the move was a valuation call. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $58.17.

Shares of NASDAQ FLIR opened at $43.33 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.21 and a quick ratio of 3.04. The company has a market cap of $6.21 billion, a PE ratio of 23.05 and a beta of 1.09. FLIR Systems, Inc. has a 12-month low of $43.22 and a 12-month high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. The business had revenue of $434.89 million during the quarter, compared to the consensus estimate of $445.46 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 23rd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, November 21st. This represents a $0.64 annualized dividend and a yield of 1.48%. FLIR Systems’s payout ratio is 34.04%.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: 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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