Hardman Johnston Global Advisors LLC trimmed its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,649 shares of the scientific and technical instruments company’s stock after selling 4,780 shares during the quarter. FLIR Systems makes up about 1.3% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 20th biggest position. Hardman Johnston Global Advisors LLC owned 0.35% of FLIR Systems worth $29,423,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC increased its holdings in shares of FLIR Systems by 3,042.2% in the 1st quarter. Summit Trail Advisors LLC now owns 103,536 shares of the scientific and technical instruments company’s stock valued at $104,000 after acquiring an additional 100,241 shares during the period. Fort L.P. acquired a new position in shares of FLIR Systems in the 2nd quarter valued at $117,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in shares of FLIR Systems in the 2nd quarter valued at $130,000. Cerebellum GP LLC acquired a new position in shares of FLIR Systems in the 2nd quarter valued at $172,000. Finally, Almanack Investment Partners LLC. acquired a new position in shares of FLIR Systems in the 2nd quarter valued at $185,000. 90.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of FLIR opened at $57.38 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.85 and a current ratio of 4.07. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 30.52 and a beta of 0.68. FLIR Systems, Inc. has a 1 year low of $42.50 and a 1 year high of $63.88.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $452.70 million for the quarter, compared to analysts’ expectations of $429.12 million. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. FLIR Systems’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. As a group, equities research analysts expect that FLIR Systems, Inc. will post 2.22 EPS for the current year.

In other news, SVP Todd M. Duchene sold 1,000 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $55.63, for a total transaction of $55,630.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey Frank sold 42,912 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $62.19, for a total transaction of $2,668,697.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,420 shares of company stock worth $7,927,485. Corporate insiders own 2.00% of the company’s stock.

Several equities analysts have issued reports on FLIR shares. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 1st. William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Stephens boosted their price objective on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, July 30th. Imperial Capital reissued an “outperform” rating and issued a $60.00 price objective (up from $53.00) on shares of FLIR Systems in a research note on Wednesday, August 1st. Finally, Needham & Company LLC boosted their price objective on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. FLIR Systems has an average rating of “Buy” and an average target price 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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