Harman International Industries Inc. (NYSE:HAR) EVP Phillip Eyler sold 2,628 shares of Harman International Industries stock in a transaction on Monday, November 14th. The stock was sold at an average price of $109.89, for a total transaction of $288,790.92. Following the transaction, the executive vice president now owns 2,387 shares in the company, valued at approximately $262,307.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Harman International Industries Inc. (NYSE:HAR) opened at 109.30 on Friday. The company’s 50-day moving average is $84.88 and its 200 day moving average is $80.65. Harman International Industries Inc. has a one year low of $64.93 and a one year high of $110.85. The company has a market capitalization of $7.62 billion, a P/E ratio of 20.87 and a beta of 1.53.

Harman International Industries (NYSE:HAR) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.34. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. Harman International Industries had a net margin of 5.37% and a return on equity of 19.36%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.48 earnings per share. On average, equities analysts anticipate that Harman International Industries Inc. will post $7.09 earnings per share for the current year.

Insider Buying and Selling by Quarter for Harman International Industries (NYSE:HAR)

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.40 annualized dividend and a yield of 1.28%. Harman International Industries’s dividend payout ratio is presently 26.77%.

A number of research analysts recently weighed in on HAR shares. Deutsche Bank AG lifted their target price on shares of Harman International Industries from $94.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Goldman Sachs Group Inc. restated a “buy” rating and set a $94.00 target price (down previously from $100.00) on shares of Harman International Industries in a research note on Saturday, October 8th. Barclays PLC cut shares of Harman International Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $104.00 to $111.00 in a research note on Tuesday. Zacks Investment Research upgraded shares of Harman International Industries from a “sell” rating to a “hold” rating and set a $95.00 target price on the stock in a research note on Monday, November 7th. Finally, Piper Jaffray Cos. set a $88.00 target price on shares of Harman International Industries and gave the company a “hold” rating in a research note on Saturday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $97.63.

Hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. increased its position in Harman International Industries by 495.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 639,055 shares of the company’s stock valued at $45,897,000 after buying an additional 531,741 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in Harman International Industries during the third quarter valued at about $44,818,000. Gotham Asset Management LLC increased its position in Harman International Industries by 422.3% in the third quarter. Gotham Asset Management LLC now owns 385,770 shares of the company’s stock valued at $32,578,000 after buying an additional 311,909 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Harman International Industries by 620.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 360,000 shares of the company’s stock valued at $25,855,000 after buying an additional 310,000 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Harman International Industries by 1,061.3% in the third quarter. First Trust Advisors LP now owns 293,076 shares of the company’s stock valued at $24,750,000 after buying an additional 267,839 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

About Harman International Industries

Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company’s segments include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other.

5 Day Chart for NYSE:HAR

Receive News & Stock Ratings for Harman International Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harman International Industries Inc. and related stocks with our FREE daily email newsletter.