Shares of FLIR Systems, Inc. (NASDAQ:FLIR) are trading up close to 8% this morning after the company released a plethora of news.
FLIR Systems, Inc. (NASDAQ:FLIR), today announced that they have increased sensitivity of optical gas imaging on their cameras. This can be used to enhance leak detection in their GF-Series optical gas imaging cameras. Additionally, the company also announced the launch of their TCX thermal PTZ security camera, which is the first thermal camera that is compatible with top industry video standards. It also includes an onbaord motion detection system.
While these cameras are not for amateur use, FLIR Systems, Inc. (NASDAQ:FLIR) surely hopes they will help generate additional revenue for the company.The stock is up 7.91% or $2.27 following the news, hitting $31.02 per share. About 100 shares traded hands. FLIR has declined 5.83% since June 1, 2015 and is downtrending. It has underperformed the S&P500 by 3.71%.
From a total of 2 analysts covering FLIR Systems (NASDAQ:FLIR) stock, 2 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. The highest target price is $35 while the lowest target price is $4. The mean of all analyst targets is $19.50 which is -37.14% below today’s ($31.02) stock price. FLIR Systems was the topic of 2 analyst reports since October 29, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on December 1 with a “Buy” rating.
The institutional sentiment increased to 1.27 in Q2 2015. It’s up 0.26, from 1.01 in 2015Q2. The ratio is positive, as 36 funds sold all their FLIR Systems, Inc. shares they owned while 93 reduced their positions. 44 funds bought stakes while 120 increased their total positions. Institutions now own 133.50 million shares which is 3.57% more than the previous share count of 128.90 million in 2015Q2.
Centaur Capital Partners L.P. holds 4.21% of its total portfolio in FLIR Systems, Inc., equating to 100,000 shares. Spf Beheer Bv owns 1.91 million shares representing 2.76% of their total US portfolio. Moreover, Lombard Odier & Cie (Canada) Limited Partnership has 2.61% of their total portfolio invested in the company, equating to 34,800 shares. The Pennsylvania-based Killen Group Inc has a total of 2.4% of their portfolio invested in the stock. Lombard Odier Transatlantic Limited Partnership, a Quebec – Canada-based fund reported 75,630 shares owned.
Since March 9, 2015, the stock had 0 insider buys, and 3 sales for a total of $1.64 million in net activity. Frank Jeffrey sold 4,500 shares worth $127,665. Lewis Earl R sold 49,992 shares worth $1.50M. Crouch William Wright sold 19,700 shares worth $603,141.
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 $4.29 billion. The Company’s operating divisions include: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security and Detection. It has 17.99 P/E ratio. The Surveillance segment provides enhanced imaging and recognition solutions.