Mondrian Investment Partners Ltd adds FLIR Systems (FLIR) to its portfolio

FLIR Systems (FLIR) : Mondrian Investment Partners Ltd added new position in FLIR Systems during the most recent quarter end. The investment management firm now holds 32,280 shares of FLIR Systems which is valued at $1,020,048 , the company said in a statement filed on Aug 1, 2016 with the SEC.FLIR Systems makes up approximately 0.02% of Mondrian Investment Partners Ltd’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth added FLIR to its portfolio by purchasing 8,055 company shares during the most recent quarter which is valued at $254,538. FLIR Systems makes up approx 0.01% of Boston Private Wealth’s portfolio.Signaturefd boosted its stake in FLIR in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 82 shares of FLIR Systems which is valued at $2,672.Meeder Asset Management Inc boosted its stake in FLIR in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 24,313 shares of FLIR Systems which is valued at $807,921. FLIR Systems makes up approx 0.07% of Meeder Asset Management Inc’s portfolio.Independent Portfolio Consultants reduced its stake in FLIR by selling 320 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 10,835 shares of FLIR which is valued at $352,896. FLIR Systems makes up approx 0.11% of Independent Portfolio Consultants’s portfolio.First Manhattan Co reduced its stake in FLIR by selling 5,780 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 132,945 shares of FLIR which is valued at $4,330,019. FLIR Systems makes up approx 0.03% of First Manhattan Co’s portfolio.

FLIR Systems opened for trading at $31.68 and hit $31.99 on the upside on Thursday, eventually ending the session at $31.65, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 5,82,398 shares. Company has a market cap of $4,356 M.

On the company’s financial health, FLIR Systems reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $402.73 million for the quarter, compared to analysts expectations of $402.77 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Investors should note that on Jul 27, 2016, FLIR Systems announced a cash dividend of $0.1200. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.

Many Wall Street Analysts have commented on FLIR Systems. FLIR Systems was Downgraded by Raymond James to ” Outperform” on Jul 25, 2016.

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 operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

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