Flir Systems Inc. (NASDAQ:FLIR) had its price target increased by research analysts at Needham & Company LLC from $36.00 to $40.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 11.33% from the stock’s current price.

Several other brokerages have also issued reports on FLIR. Zacks Investment Research lowered shares of Flir Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. Imperial Capital decreased their price target on shares of Flir Systems from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. Drexel Hamilton reiterated a “buy” rating and issued a $36.00 price target on shares of Flir Systems in a research note on Monday, October 3rd. Robert W. Baird assumed coverage on shares of Flir Systems in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $34.00 price target for the company. Finally, Seaport Global Securities assumed coverage on shares of Flir Systems in a research note on Friday, October 7th. They issued a “buy” rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.10.

Analyst Recommendations for Flir Systems (NASDAQ:FLIR)

Flir Systems (NASDAQ:FLIR) opened at 35.91 on Thursday. The firm has a 50-day moving average of $32.38 and a 200-day moving average of $31.50. Flir Systems has a 1-year low of $26.48 and a 1-year high of $35.97. The stock has a market capitalization of $4.89 billion, a PE ratio of 28.23 and a beta of 0.49.

Flir Systems (NASDAQ:FLIR) last posted its earnings results on Wednesday, October 26th. The company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Flir Systems had a net margin of 10.79% and a return on equity of 12.80%. The firm earned $405.20 million during the quarter, compared to analysts’ expectations of $161.36 million. During the same period last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts expect that Flir Systems will post $1.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.34%. Flir Systems’s dividend payout ratio is presently 37.50%.

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In other news, Director Angus L. Macdonald sold 20,000 shares of Flir Systems stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $32.86, for a total value of $657,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Earl R. Lewis sold 52,000 shares of Flir Systems stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $32.40, for a total transaction of $1,684,800.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of Flir Systems by 11.4% in the first quarter. Legal & General Group Plc now owns 113,952 shares of the company’s stock worth $3,756,000 after buying an additional 11,700 shares in the last quarter. Pensionfund Sabic acquired a new position in Flir Systems during the second quarter worth about $1,526,000. Pensionfund DSM Netherlands acquired a new position in Flir Systems during the second quarter worth about $3,324,000. Thompson Rubinstein Investment Management Inc. OR increased its position in Flir Systems by 72.9% in the second quarter. Thompson Rubinstein Investment Management Inc. OR now owns 85,928 shares of the company’s stock worth $2,659,000 after buying an additional 36,224 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in Flir Systems by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 35,626 shares of the company’s stock worth $1,103,000 after buying an additional 2,134 shares during the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

5 Day Chart for NASDAQ:FLIR

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