Sepio Capital LP raised its holdings in Teledyne FLIR, LLC (NASDAQ:FLIR) by 2.3% in the first quarter, Holdings Channel.com reports. The fund owned 19,758 shares of the scientific and technical instruments company’s stock after buying an additional 453 shares during the quarter. Sepio Capital LP’s holdings in Teledyne FLIR were worth $1,116,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Teledyne FLIR by 1.9% in the first quarter. BlackRock Inc. now owns 7,615,309 shares of the scientific and technical instruments company’s stock valued at $430,036,000 after acquiring an additional 144,751 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Teledyne FLIR by 3,508.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,585,647 shares of the scientific and technical instruments company’s stock valued at $89,541,000 after acquiring an additional 1,541,707 shares during the period. Alberta Investment Management Corp lifted its holdings in Teledyne FLIR by 308.2% in the first quarter. Alberta Investment Management Corp now owns 89,800 shares of the scientific and technical instruments company’s stock valued at $5,071,000 after acquiring an additional 67,800 shares during the period. D.A. Davidson & CO. acquired a new stake in Teledyne FLIR in the first quarter valued at $221,000. Finally, Sowell Financial Services LLC lifted its holdings in Teledyne FLIR by 111.3% in the first quarter. Sowell Financial Services LLC now owns 820 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 432 shares during the period. 88.66% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Teledyne FLIR from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Thursday, March 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Teledyne FLIR presently has a consensus rating of “Hold” and a consensus target price of $55.50.
In related news, CAO Travis Barton Johnson sold 1,000 shares of Teledyne FLIR stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $59.25, for a total transaction of $59,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James J. Cannon sold 176,139 shares of Teledyne FLIR stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $59.15, for a total value of $10,418,621.85. Following the sale, the chief executive officer now owns 335,836 shares of the company’s stock, valued at approximately $19,864,699.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 363,124 shares of company stock valued at $21,199,715. 1.58% of the stock is currently owned by company insiders.
NASDAQ:FLIR opened at $57.34 on Thursday. The company has a market capitalization of $7.56 billion, a PE ratio of 54.61 and a beta of 1.52. The company has a quick ratio of 1.55, a current ratio of 2.52 and a debt-to-equity ratio of 0.40. Teledyne FLIR, LLC has a 52-week low of $33.39 and a 52-week high of $60.66. The stock has a fifty day simple moving average of $58.44 and a 200-day simple moving average of $51.50.
Teledyne FLIR (NASDAQ:FLIR) last released its quarterly earnings results on Thursday, May 6th. The scientific and technical instruments company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $467.30 million for the quarter, compared to analyst estimates of $461.38 million. Teledyne FLIR had a return on equity of 16.85% and a net margin of 7.36%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Teledyne FLIR, LLC will post 2.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Friday, May 21st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 20th. Teledyne FLIR’s dividend payout ratio is presently 30.49%.
Teledyne FLIR Company Profile
FLIR Systems, Inc, together with its subsidiaries, 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 two segments, Industrial Technologies and Defense Technologies.
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