10,088 Shares in FLIR Systems, Inc. (FLIR) Purchased by Mercer Global Advisors Inc. ADV

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Mercer Global Advisors Inc. ADV purchased a new position in FLIR Systems, Inc. (NASDAQ:FLIR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,088 shares of the scientific and technical instruments company’s stock, valued at approximately $480,000.

A number of other institutional investors have also recently made changes to their positions in FLIR. Norges Bank bought a new position in FLIR Systems in the 4th quarter worth about $57,122,000. D. E. Shaw & Co. Inc. boosted its stake in FLIR Systems by 67.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,660,531 shares of the scientific and technical instruments company’s stock worth $72,300,000 after purchasing an additional 667,024 shares in the last quarter. King Luther Capital Management Corp boosted its stake in FLIR Systems by 72.6% in the 4th quarter. King Luther Capital Management Corp now owns 1,118,637 shares of the scientific and technical instruments company’s stock worth $48,705,000 after purchasing an additional 470,501 shares in the last quarter. Fenimore Asset Management Inc. boosted its stake in FLIR Systems by 29.1% in the 4th quarter. Fenimore Asset Management Inc. now owns 1,428,791 shares of the scientific and technical instruments company’s stock worth $62,210,000 after purchasing an additional 322,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in FLIR Systems by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,382,669 shares of the scientific and technical instruments company’s stock worth $147,281,000 after purchasing an additional 292,141 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

In other news, Director Steven E. Wynne sold 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.53, for a total transaction of $525,300.00. Following the completion of the sale, the director now owns 484,031 shares of the company’s stock, valued at approximately $25,426,148.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl R. Lewis sold 132,100 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $52.11, for a total transaction of $6,883,731.00. Following the sale, the director now directly owns 635,487 shares of the company’s stock, valued at approximately $33,115,227.57. The disclosure for this sale can be found here. Insiders have sold a total of 338,599 shares of company stock worth $17,484,062 in the last 90 days. Company insiders own 2.00% of the company’s stock.

FLIR has been the topic of a number of analyst reports. SunTrust Banks upped their price target on shares of FLIR Systems to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Zacks Investment Research upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Imperial Capital restated an “in-line” rating and set a $56.00 target price (up previously from $51.00) on shares of FLIR Systems in a research note on Wednesday, February 20th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.29.

FLIR opened at $51.70 on Thursday. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 23.29 and a beta of 1.13. FLIR Systems, Inc. has a 52-week low of $40.52 and a 52-week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The business had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $440.98 million. FLIR Systems had a net margin of 17.13% and a return on equity of 16.84%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. As a group, analysts expect that FLIR Systems, Inc. will post 2.35 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 23rd. FLIR Systems’s dividend payout ratio is currently 30.63%.

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

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