FLIR Systems, Inc. (FLIR) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 19.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,286 shares of the scientific and technical instruments company’s stock after selling 6,015 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in FLIR Systems were worth $1,265,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in FLIR Systems by 1.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,585 shares of the scientific and technical instruments company’s stock worth $2,930,000 after purchasing an additional 1,026 shares during the last quarter. Pettee Investors Inc. raised its position in shares of FLIR Systems by 5.8% during the 1st 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 last quarter. Arizona State Retirement System raised its position in shares of FLIR Systems by 3.2% during the 4th quarter. Arizona State Retirement System now owns 35,111 shares of the scientific and technical instruments company’s stock valued at $1,637,000 after acquiring an additional 1,089 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of FLIR Systems by 23.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,901 shares of the scientific and technical instruments company’s stock valued at $275,000 after acquiring an additional 1,138 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in shares of FLIR Systems by 13.5% during the 4th quarter. First Republic Investment Management Inc. now owns 11,162 shares of the scientific and technical instruments company’s stock valued at $520,000 after acquiring an additional 1,327 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

Shares of NASDAQ FLIR opened at $54.72 on Tuesday. The firm has a market capitalization of $7.53 billion, a P/E ratio of 29.11 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.91 and a quick ratio of 2.72. FLIR Systems, Inc. has a 1-year low of $33.95 and a 1-year high of $55.72.



FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. FLIR Systems had a net margin of 5.66% and a return on equity of 15.43%. The firm had revenue of $439.60 million during the quarter, compared to analyst estimates of $397.84 million. During the same period in the prior year, the business earned $0.36 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts expect that FLIR Systems, Inc. will post 2.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.64 annualized dividend and a yield of 1.17%. FLIR Systems’s dividend payout ratio (DPR) is presently 34.04%.

Several analysts have commented on the stock. BidaskClub cut shares of FLIR Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 13th. Needham & Company LLC boosted their price target on shares of FLIR Systems from $58.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Monday, May 21st. Drexel Hamilton lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Finally, ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $52.86.

In other FLIR Systems news, Director Angus L. Macdonald sold 12,532 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the sale, the director now directly owns 33,209 shares of the company’s stock, valued at approximately $1,796,938.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Angus L. Macdonald sold 22,368 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $54.09, for a total transaction of $1,209,885.12. Following the sale, the director now directly owns 21,745 shares in the company, valued at $1,176,187.05. The disclosure for this sale can be found here. Insiders have sold a total of 65,626 shares of company stock worth $3,566,256 over the last three months. Insiders own 2.00% of the company’s stock.

About FLIR Systems

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.

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply