FLIR Systems, Inc. (NASDAQ:FLIR) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY lessened its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 4.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,760 shares of the scientific and technical instruments company’s stock after selling 873 shares during the period. Metropolitan Life Insurance Co NY’s holdings in FLIR Systems were worth $940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Osborn Williams & Donohoe LLC bought a new stake in shares of FLIR Systems in the 1st quarter worth approximately $39,000. CSat Investment Advisory L.P. lifted its holdings in shares of FLIR Systems by 147.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 574 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of FLIR Systems in the 1st quarter worth approximately $59,000. Bessemer Group Inc. lifted its holdings in shares of FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock worth $63,000 after acquiring an additional 224 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of FLIR Systems by 340.6% in 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. Institutional investors and hedge funds own 90.44% of the company’s stock.

In related news, Director John D. Carter sold 10,300 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $51.10, for a total value of $526,330.00. Following the completion of the transaction, the director now directly owns 53,537 shares of the company’s stock, valued at $2,735,740.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Earl R. Lewis sold 23,116 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $51.33, for a total transaction of $1,186,544.28. The disclosure for this sale can be found here. Insiders sold a total of 65,121 shares of company stock valued at $3,358,586 over the last three months. 2.00% of the stock is currently owned by insiders.

A number of research firms recently commented on FLIR. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Imperial Capital raised shares of FLIR Systems from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $57.00 in a research report on Wednesday, May 22nd. Finally, BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $62.43.

FLIR Systems stock traded up $0.10 during mid-day trading on Thursday, reaching $53.78. The stock had a trading volume of 691,500 shares, compared to its average volume of 868,908. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.45 and a quick ratio of 1.61. The firm has a market cap of $7.32 billion, a P/E ratio of 24.23 and a beta of 1.18. The company’s 50-day moving average price is $52.41. FLIR Systems, Inc. has a one year low of $40.52 and a one year high of $63.88.

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

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

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