Cypress Capital Management LLC WY decreased its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 53.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 700 shares of the scientific and technical instruments company’s stock after selling 800 shares during the period. Cypress Capital Management LLC WY’s holdings in FLIR Systems were worth $30,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its stake in FLIR Systems by 175.6% during the 2nd quarter. Schroder Investment Management Group now owns 118,026 shares of the scientific and technical instruments company’s stock valued at $6,132,000 after buying an additional 75,200 shares during the period. Brown Advisory Inc. increased its stake in FLIR Systems by 26.0% during the 3rd quarter. Brown Advisory Inc. now owns 53,905 shares of the scientific and technical instruments company’s stock valued at $3,314,000 after buying an additional 11,136 shares during the period. ARP Americas LP acquired a new position in FLIR Systems during the 3rd quarter valued at about $738,000. Calamos Advisors LLC increased its stake in FLIR Systems by 17.6% during the 4th quarter. Calamos Advisors LLC now owns 92,603 shares of the scientific and technical instruments company’s stock valued at $4,032,000 after buying an additional 13,865 shares during the period. Finally, Trexquant Investment LP acquired a new position in FLIR Systems during the 3rd quarter valued at about $249,000. 90.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FLIR opened at $51.68 on Thursday. The company has a market capitalization of $6.89 billion, a PE ratio of 27.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.04 and a current ratio of 4.21. FLIR Systems, Inc. has a 12-month low of $40.52 and a 12-month high of $63.88.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be issued a $0.17 dividend. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. FLIR Systems’s dividend payout ratio is presently 34.04%.
Several equities analysts have commented on FLIR shares. Robert W. Baird raised shares of FLIR Systems from a “neutral” rating to an “outperform” rating in a research note on Friday, January 25th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Raymond James lowered their price objective on shares of FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 11th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.83.
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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.
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