FLIR Systems, Inc. (FLIR) Holdings Cut by Marathon Asset Management LLP

Marathon Asset Management LLP trimmed its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 24.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 890,262 shares of the scientific and technical instruments company’s stock after selling 292,714 shares during the period. Marathon Asset Management LLP owned 0.64% of FLIR Systems worth $41,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FLIR. Principal Financial Group Inc. lifted its holdings in FLIR Systems by 3.4% during the 2nd quarter. Principal Financial Group Inc. now owns 217,884 shares of the scientific and technical instruments company’s stock worth $7,551,000 after buying an additional 7,193 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of FLIR Systems by 66.9% during the second quarter. JPMorgan Chase & Co. now owns 633,869 shares of the scientific and technical instruments company’s stock worth $21,969,000 after purchasing an additional 254,109 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. AXA increased its position in shares of FLIR Systems by 0.8% during the second quarter. AXA now owns 24,102 shares of the scientific and technical instruments company’s stock worth $835,000 after purchasing an additional 200 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of FLIR Systems by 7.1% during 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 in the last quarter. 92.95% of the stock is owned by institutional investors.

A number of analysts have recently commented on FLIR shares. Raymond James Financial lifted 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 reiterated a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.83.

In related news, SVP Todd M. Duchene sold 9,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $47.00, for a total value of $423,000.00. Following the transaction, the senior vice president now owns 29,767 shares in the company, valued at approximately $1,399,049. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven E. Wynne sold 11,200 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. Insiders sold a total of 22,036 shares of company stock worth $1,039,316 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) traded up $0.06 during mid-day trading on Wednesday, reaching $50.34. The company had a trading volume of 1,024,000 shares, compared to its average volume of 897,470. The firm has a market cap of $7,020.00, a PE ratio of 31.86 and a beta of 0.63. FLIR Systems, Inc. has a 1 year low of $33.75 and a 1 year high of $50.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.48 and a quick ratio of 2.36.

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

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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.

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

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