Cipher Capital LP Trims Position in FLIR Systems, Inc. (FLIR)

Cipher Capital LP lowered its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,143 shares of the scientific and technical instruments company’s stock after selling 8,397 shares during the quarter. Cipher Capital LP’s holdings in FLIR Systems were worth $2,263,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FLIR. Cramer Rosenthal Mcglynn LLC raised its position in FLIR Systems by 153.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 3,038,846 shares of the scientific and technical instruments company’s stock worth $105,326,000 after buying an additional 1,841,965 shares during the last quarter. Thrivent Financial For Lutherans raised its position in FLIR Systems by 109.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,277,188 shares of the scientific and technical instruments company’s stock worth $44,267,000 after buying an additional 668,598 shares during the last quarter. BlackRock Inc. raised its position in FLIR Systems by 6.6% during the 2nd quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after buying an additional 576,951 shares during the last quarter. Eagle Asset Management Inc. raised its position in FLIR Systems by 253.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 798,986 shares of the scientific and technical instruments company’s stock worth $27,692,000 after buying an additional 573,103 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in FLIR Systems by 117.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock worth $36,070,000 after buying an additional 561,643 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

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A number of brokerages have commented on FLIR. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. SunTrust Banks, Inc. upped their price objective on shares of FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. BidaskClub downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Finally, Robert W. Baird restated a “hold” rating and set a $34.00 price objective 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 given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.33.

FLIR Systems, Inc. (FLIR) traded up $0.35 during trading hours on Tuesday, hitting $46.88. 918,700 shares of the stock were exchanged, compared to its average volume of 954,687. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.36 and a current ratio of 3.48. FLIR Systems, Inc. has a fifty-two week low of $33.75 and a fifty-two week high of $48.06. The firm has a market cap of $6,500.00, a PE ratio of 25.57 and a beta of 0.63.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. FLIR Systems had a net margin of 12.30% and a return on equity of 14.30%. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. analysts forecast that FLIR Systems, Inc. will post 1.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. FLIR Systems’s dividend payout ratio (DPR) is presently 37.97%.

In related news, COO Thomas A. Surran sold 261,320 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $38.25, for a total value of $9,995,490.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the sale, the vice president now directly owns 6,646 shares in the company, valued at $311,697.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 283,356 shares of company stock worth $11,034,806. Corporate insiders own 3.00% of the company’s stock.

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

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