Executive Wealth Management LLC Buys 3,523 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)
Executive Wealth Management LLC grew its stake in FLIR Systems, Inc. (NASDAQ:FLIR) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,151 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,523 shares during the period. Executive Wealth Management LLC’s holdings in FLIR Systems were worth $1,631,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC bought a new stake in shares of FLIR Systems during the 1st quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its stake in shares of FLIR Systems by 340.6% during the 1st quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 1,192 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of FLIR Systems during the 1st quarter worth approximately $92,000. Cullen Frost Bankers Inc. bought a new stake in shares of FLIR Systems during the 1st quarter worth approximately $104,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FLIR Systems during the 2nd quarter worth approximately $108,000. 90.92% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on FLIR shares. ValuEngine lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $56.00 to $57.00 in a research note on Wednesday, May 22nd. Finally, BidaskClub lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. FLIR Systems has an average rating of “Buy” and an average price target of $60.50.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $478.42 million. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. FLIR Systems’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Equities analysts anticipate that FLIR Systems, Inc. will post 2.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.68 annualized dividend and a yield of 1.44%. FLIR Systems’s payout ratio is currently 30.63%.
FLIR Systems 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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