385,736 Shares in FLIR Systems, Inc. (FLIR) Purchased by American Century Companies Inc.

American Century Companies Inc. acquired a new stake in FLIR Systems, Inc. (NASDAQ:FLIR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 385,736 shares of the scientific and technical instruments company’s stock, valued at approximately $15,009,000. American Century Companies Inc. owned approximately 0.28% of FLIR Systems at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in shares of FLIR Systems during the 3rd quarter valued at approximately $261,000. Cardinal Capital Management lifted its position in shares of FLIR Systems by 10.0% during the 3rd quarter. Cardinal Capital Management now owns 16,653 shares of the scientific and technical instruments company’s stock valued at $647,000 after acquiring an additional 1,510 shares during the period. Legal & General Group Plc lifted its position in shares of FLIR Systems by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 208,746 shares of the scientific and technical instruments company’s stock valued at $7,236,000 after acquiring an additional 15,823 shares during the period. Eagle Asset Management Inc. lifted its position in shares of 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 valued at $27,692,000 after acquiring an additional 573,103 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of FLIR Systems by 2.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 652,207 shares of the scientific and technical instruments company’s stock valued at $22,606,000 after acquiring an additional 18,041 shares during the period. 89.74% of the stock is currently owned by institutional investors.

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In related news, VP Brian E. Harding sold 1,836 shares of FLIR Systems stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the completion of the transaction, the vice president now directly owns 6,646 shares in the company, valued at approximately $311,697.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold a total of 283,356 shares of company stock valued at $11,034,806 over the last 90 days. Insiders own 3.00% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James Financial, Inc. lifted their price target on shares of FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Robert W. Baird reiterated a “hold” rating and set a $34.00 price target on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, SunTrust Banks, Inc. lifted their price target on shares of FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.33.

FLIR Systems, Inc. (NASDAQ:FLIR) opened at $46.53 on Friday. 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 12-month low of $33.75 and a 12-month high of $48.06. The stock has a market capitalization of $6,525.46, a P/E ratio of 25.87 and a beta of 0.63.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $446.06 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. analysts predict that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. FLIR Systems’s dividend payout ratio is currently 37.74%.

FLIR Systems Company 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.

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

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