Nomura Holdings Inc. decreased its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 39.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,700 shares of the scientific and technical instruments company’s stock after selling 66,891 shares during the quarter. Nomura Holdings Inc. owned 0.08% of FLIR Systems worth $5,559,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLIR. Bank of New York Mellon Corp raised its holdings in FLIR Systems by 45.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,311,826 shares of the scientific and technical instruments company’s stock worth $179,171,000 after purchasing an additional 1,036,120 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of FLIR Systems by 336.1% during the second quarter. JPMorgan Chase & Co. now owns 1,331,599 shares of the scientific and technical instruments company’s stock valued at $71,108,000 after acquiring an additional 1,026,228 shares during the last quarter. Argent Capital Management LLC raised its holdings in shares of FLIR Systems by 122.7% during the first quarter. Argent Capital Management LLC now owns 1,145,129 shares of the scientific and technical instruments company’s stock valued at $54,485,000 after acquiring an additional 630,869 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of FLIR Systems by 1,643.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 426,489 shares of the scientific and technical instruments company’s stock valued at $23,073,000 after acquiring an additional 402,024 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of FLIR Systems by 32.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,104,730 shares of the scientific and technical instruments company’s stock valued at $52,563,000 after acquiring an additional 270,180 shares during the last quarter. 90.88% of the stock is owned by institutional investors.
Shares of FLIR Systems stock opened at $52.79 on Friday. FLIR Systems, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $62.59. The stock has a 50 day moving average of $49.96 and a 200 day moving average of $50.62. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 23.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.61 and a current ratio of 2.47.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. The business had revenue of $482.00 million during the quarter, compared to analyst estimates of $478.42 million. During the same period last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts forecast that FLIR Systems, Inc. will post 2.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 22nd. FLIR Systems’s payout ratio is currently 30.63%.
In other news, VP Brian E. Harding sold 3,625 shares of the 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 sale, the vice president now directly owns 8,876 shares in the company, valued at $465,812.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. BidaskClub raised FLIR Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 18th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Berenberg Bank began coverage on FLIR Systems in a report on Friday, September 6th. They issued a “buy” rating and a $60.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. FLIR Systems has a consensus rating of “Buy” and a consensus target price of $60.40.
FLIR Systems Company Profile
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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