Hermes Investment Management Ltd. trimmed its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 987,955 shares of the scientific and technical instruments company’s stock after selling 72,429 shares during the period. Hermes Investment Management Ltd.’s holdings in FLIR Systems were worth $46,058,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in FLIR Systems by 3.4% in the second quarter. Principal Financial Group Inc. now owns 217,884 shares of the scientific and technical instruments company’s stock worth $7,551,000 after purchasing an additional 7,193 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in FLIR Systems by 7.1% in the second quarter. TIAA CREF Investment Management LLC now owns 598,374 shares of the scientific and technical instruments company’s stock worth $20,740,000 after purchasing an additional 39,695 shares during the last quarter. BlackRock Inc. boosted its position in FLIR Systems by 6.6% in the second quarter. BlackRock Inc. now owns 9,366,367 shares of the scientific and technical instruments company’s stock worth $324,639,000 after purchasing an additional 576,951 shares during the last quarter. Amalgamated Bank boosted its position in FLIR Systems by 24.0% in the second quarter. Amalgamated Bank now owns 27,106 shares of the scientific and technical instruments company’s stock worth $939,000 after purchasing an additional 5,253 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in FLIR Systems by 3.3% in the second quarter. New York State Common Retirement Fund now owns 877,362 shares of the scientific and technical instruments company’s stock worth $30,409,000 after purchasing an additional 28,299 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

In other news, Director Steven E. Wynne sold 11,200 shares of FLIR Systems stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.34, for a total transaction of $530,208.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $46.90, for a total value of $86,108.40. Following the transaction, 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 22,036 shares of company stock worth $1,039,316. Insiders own 3.00% of the company’s stock.

FLIR Systems, Inc. (NASDAQ:FLIR) traded down $0.56 during mid-day trading on Wednesday, hitting $51.32. The stock had a trading volume of 913,900 shares, compared to its average volume of 947,900. FLIR Systems, Inc. has a 12-month low of $33.75 and a 12-month high of $52.44. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7,189.23, a PE ratio of 32.28 and a beta of 0.63.

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

FLIR has been the topic of several research reports. Raymond James Financial raised their target price on FLIR Systems to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird reissued a “hold” rating and issued a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.83.

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About FLIR Systems

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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