Insider Selling: FLIR Systems, Inc. (NASDAQ:FLIR) VP Sells 21,705 Shares of Stock

FLIR Systems, Inc. (NASDAQ:FLIR) VP Jeffrey Frank sold 21,705 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.62, for a total value of $1,120,412.10. Following the sale, the vice president now owns 47,344 shares of the company’s stock, valued at $2,443,897.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jeffrey Frank also recently made the following trade(s):

  • On Wednesday, February 27th, Jeffrey Frank sold 14,278 shares of FLIR Systems stock. The stock was sold at an average price of $51.77, for a total value of $739,172.06.

FLIR Systems stock traded up $0.38 during trading hours on Thursday, hitting $48.80. The stock had a trading volume of 303,408 shares, compared to its average volume of 943,695. The company has a current ratio of 2.45, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.60 billion, a PE ratio of 21.98 and a beta of 1.13. FLIR Systems, Inc. has a one year low of $40.52 and a one year high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $444.70 million during the quarter, compared to analysts’ expectations of $440.98 million. FLIR Systems had a return on equity of 16.84% and a net margin of 17.13%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. As a group, analysts predict that FLIR Systems, Inc. will post 2.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.68 annualized dividend and a dividend yield of 1.39%. FLIR Systems’s payout ratio is 30.63%.

Several hedge funds have recently modified their holdings of the company. Greenwood Capital Associates LLC increased its stake in shares of FLIR Systems by 2.1% in the first quarter. Greenwood Capital Associates LLC now owns 9,556 shares of the scientific and technical instruments company’s stock valued at $455,000 after buying an additional 197 shares during the period. Bessemer Group Inc. increased its stake in shares of FLIR Systems by 18.2% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after buying an additional 224 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of FLIR Systems by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 20,633 shares of the scientific and technical instruments company’s stock valued at $898,000 after buying an additional 224 shares during the period. Cardinal Capital Management increased its stake in shares of FLIR Systems by 1.3% in the first quarter. Cardinal Capital Management now owns 17,117 shares of the scientific and technical instruments company’s stock valued at $814,000 after buying an additional 228 shares during the period. Finally, Penserra Capital Management LLC grew its stake in FLIR Systems by 2.7% during the first quarter. Penserra Capital Management LLC now owns 9,416 shares of the scientific and technical instruments company’s stock worth $498,000 after purchasing an additional 244 shares during the period. 90.51% of the stock is owned by institutional investors.

FLIR has been the subject of several recent analyst reports. SunTrust Banks upped their price objective on FLIR Systems to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Zacks Investment Research upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Imperial Capital restated an “in-line” rating and set a $56.00 price objective (up from $51.00) on shares of FLIR Systems in a research report on Wednesday, February 20th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. FLIR Systems currently has an average rating of “Buy” and an average price target of $62.43.

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FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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Insider Buying and Selling by Quarter for FLIR Systems (NASDAQ:FLIR)

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