November 29, 2016 - By Linda Rogers · 0 Comments
Flir Systems Inc (NASDAQ:FLIR) institutional sentiment increased to 1.01 in Q2 2016. Its up 0.06, from 0.95 in 2016Q1. The ratio improved, as 151 active investment managers opened new and increased positions, while 159 sold and trimmed equity positions in Flir Systems Inc. The active investment managers in our partner’s database now have: 122.55 million shares, down from 129.90 million shares in 2016Q1. Also, the number of active investment managers holding Flir Systems Inc in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 38 Reduced: 121 Increased: 117 New Position: 34.
FLIR Systems, Inc. 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 has a market cap of $4.77 billion. The Company’s divisions include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. It has a 28.03 P/E ratio. The Company’s Surveillance segment provides enhanced imaging and recognition solutions.
About 235,729 shares traded hands. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 12.65% since April 26, 2016 and is uptrending. It has outperformed by 7.39% the S&P500.
Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on February, 9. They expect $0.56 earnings per share, up 19.15% or $0.09 from last year’s $0.47 per share. FLIR’s profit will be $75.42 million for 15.81 P/E if the $0.56 EPS becomes a reality. After $0.43 actual earnings per share reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts 30.23% EPS growth.
According to Zacks Investment Research, “FLIR Systems, Inc. designs, manufactures and markets thermal imaging and broadcast camera systems for applications in the commercial and government markets. The company’s products come in a variety of configurations such as handheld or ground-based systems, as well as systems mounted on ships, helicopters and airplanes. Their thermal imaging systems use infrared technologies that detect infrared radiation, or heat, enabling the operator to measure minute temperature differences and to see objects in daylight or total darkness and through smoke, haze and most types of fog.”
Lombard Odier & Cie (Canada) Limited Partnership holds 3.03% of its portfolio in FLIR Systems, Inc. for 28,150 shares. Lombard Odier Transatlantic Limited Partnership owns 88,220 shares or 2.86% of their US portfolio. Moreover, Spf Beheer Bv has 2.68% invested in the company for 1.68 million shares. The Oregon-based Orca Investment Management Llc has invested 2.44% in the stock. Acadia Trust Na, a Maine-based fund reported 221,045 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 selling transactions for $5.11 million net activity.
Ratings analysis reveals 88% of FLIR Systems’s analysts are positive. Out of 8 Wall Street analysts rating FLIR Systems, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $4 while the high is $36. The stock’s average target of $29.17 is -17.65% below today’s ($35.42) share price. FLIR was included in 8 notes of analysts from October 29, 2015. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. The firm has “Outperform” rating given on Friday, November 4 by Imperial Capital. The firm earned “Strong Buy” rating on Tuesday, January 5 by Raymond James. Seaport Global Securities initiated the shares of FLIR in a report on Friday, October 7 with “Buy” rating. Stephens initiated the stock with “Equal-Weight” rating in Friday, January 15 report. The rating was maintained by Needham with “Buy” on Tuesday, December 1. Goldman Sachs upgraded FLIR Systems, Inc. (NASDAQ:FLIR) rating on Monday, January 4. Goldman Sachs has “Buy” rating and $30 price target.
FLIR Systems, Inc. (FLIR), incorporated on March 8, 1978, 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 divisions include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection. The Company’s Surveillance segment provides enhanced imaging and recognition solutions under its commercially developed, military qualified (CDMQ) model to a range of military, law enforcement, public safety and other government customers. The Company’s Instruments segment provides devices that image, measure and assess thermal energy, gases and other environmental elements for industrial, commercial, and scientific applications under the FLIR and Extech brands. The Company’s Security segment develops and makes a range of cameras and video recording systems for use in commercial, critical infrastructure, and home monitoring applications. The Company’s OEM & Emerging Markets segment provides thermal imaging camera cores and components that are utilized by third parties to create thermal and other types of imaging systems. The Company’s Maritime segment develops and makes electronics and imaging instruments for the recreational and commercial maritime market under the FLIR and Raymarine brands. The Detection segment offers sensors, instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear and explosives (CBRNE) threats.
More recent FLIR Systems, Inc. (NASDAQ:FLIR) news were published by: Nasdaq.com which released: “FLIR Systems, Inc. (FLIR) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016. Also Fool.com published the news titled: “FLIR Systems Stock Flies on Earnings Miss” on November 01, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Navigators Group, Diebold and FLIR Systems” with publication date: November 14, 2016 was also an interesting one.
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By Linda Rogers