New York State Teachers Retirement System lowered its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,542 shares of the scientific and technical instruments company’s stock after selling 17,586 shares during the quarter. New York State Teachers Retirement System owned 0.15% of FLIR Systems worth $10,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of FLIR Systems by 10.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 17,631 shares of the scientific and technical instruments company’s stock valued at $822,000 after acquiring an additional 1,625 shares during the period. Dupont Capital Management Corp boosted its position in shares of FLIR Systems by 37.9% in the first quarter. Dupont Capital Management Corp now owns 27,825 shares of the scientific and technical instruments company’s stock valued at $1,392,000 after acquiring an additional 7,648 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of FLIR Systems by 14.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 30,759 shares of the scientific and technical instruments company’s stock valued at $1,538,000 after acquiring an additional 3,919 shares during the period. Pettee Investors Inc. boosted its position in shares of FLIR Systems by 5.8% in the first quarter. Pettee Investors Inc. now owns 19,749 shares of the scientific and technical instruments company’s stock valued at $988,000 after acquiring an additional 1,083 shares during the period. Finally, Westpac Banking Corp boosted its position in shares of FLIR Systems by 23.6% in the first quarter. Westpac Banking Corp now owns 8,759 shares of the scientific and technical instruments company’s stock valued at $438,000 after acquiring an additional 1,670 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John D. Carter sold 13,600 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $54.68, for a total transaction of $743,648.00. Following the completion of the sale, the director now owns 53,658 shares of the company’s stock, valued at $2,934,019.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl R. Lewis sold 39,508 shares of the company’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $59.05, for a total transaction of $2,332,947.40. The disclosure for this sale can be found here. Insiders have sold 74,078 shares of company stock valued at $4,220,710 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

FLIR opened at $59.37 on Friday. FLIR Systems, Inc. has a twelve month low of $37.18 and a twelve month high of $60.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.07 and a quick ratio of 2.85. The stock has a market cap of $8.23 billion, a P/E ratio of 27.98 and a beta of 0.67.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The business had revenue of $452.70 million during the quarter, compared to analysts’ expectations of $429.12 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. FLIR Systems’s revenue was up 4.3% compared to the same quarter last year. analysts anticipate that FLIR Systems, Inc. will post 2.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 24th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.64 annualized dividend and a yield of 1.08%. FLIR Systems’s dividend payout ratio is 34.04%.

A number of equities research analysts have recently issued reports on the stock. Stephens boosted their target price on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, July 30th. Imperial Capital reissued an “outperform” rating and issued a $60.00 target price (up previously from $53.00) on shares of FLIR Systems in a research report on Wednesday, August 1st. Seaport Global Securities reissued a “buy” rating and issued a $66.00 target price on shares of FLIR Systems in a research report on Thursday, July 26th. Needham & Company LLC boosted their target price on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Monday, May 21st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. FLIR Systems presently has an average rating of “Buy” and an average price target of $56.75.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: 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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