Several other equities research analysts have also recently commented on the company. ValuEngine cut FLIR Systems from a buy rating to a hold rating in a report on Wednesday, July 24th. Berenberg Bank initiated coverage on FLIR Systems in a research note on Friday, September 6th. They set a buy rating and a $60.00 target price for the company. Finally, Imperial Capital raised FLIR Systems from an in-line rating to an outperform rating and raised their target price for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $60.40.
FLIR stock traded up $0.88 during mid-day trading on Wednesday, reaching $52.98. 290,194 shares of the company’s stock were exchanged, compared to its average volume of 750,451. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 23.86 and a beta of 1.16. The stock’s 50 day moving average is $51.22 and its 200 day moving average is $50.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.47 and a quick ratio of 1.61. FLIR Systems has a 12-month low of $40.52 and a 12-month high of $57.98.
In related news, VP Brian E. Harding sold 3,625 shares of FLIR Systems stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $52.48, for a total value of $190,240.00. Following the completion of the transaction, the vice president now directly owns 8,876 shares in the company, valued at $465,812.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Advisor Alliance lifted its holdings in FLIR Systems by 5.2% during the 2nd quarter. Independent Advisor Alliance now owns 10,362 shares of the scientific and technical instruments company’s stock worth $561,000 after buying an additional 512 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of FLIR Systems in the 2nd quarter valued at about $441,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of FLIR Systems by 8.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 766,732 shares of the scientific and technical instruments company’s stock valued at $41,480,000 after purchasing an additional 58,807 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of FLIR Systems by 18.5% in the 2nd quarter. Natixis Advisors L.P. now owns 21,425 shares of the scientific and technical instruments company’s stock valued at $1,159,000 after purchasing an additional 3,345 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of FLIR Systems by 4.2% in the 2nd quarter. US Bancorp DE now owns 130,926 shares of the scientific and technical instruments company’s stock valued at $7,083,000 after purchasing an additional 5,334 shares during the last quarter. 90.88% of the stock is owned by institutional investors.
About FLIR Systems
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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