Macquarie Group Ltd. decreased its stake in Harris Corp. (NYSE:HRS) by 17.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,735 shares of the company’s stock after selling 32,567 shares during the period. Macquarie Group Ltd. owned 0.12% of Harris Corp. worth $12,827,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Harris Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 12,122,934 shares of the company’s stock valued at $1,011,538,000 after buying an additional 349,719 shares in the last quarter. Boston Partners raised its stake in Harris Corp. by 3.7% in the second quarter. Boston Partners now owns 7,408,933 shares of the company’s stock valued at $618,202,000 after buying an additional 266,477 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Harris Corp. by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,212,061 shares of the company’s stock valued at $268,014,000 after buying an additional 25,524 shares in the last quarter. Waddell & Reed Financial Inc. raised its stake in Harris Corp. by 9.3% in the second quarter. Waddell & Reed Financial Inc. now owns 2,196,604 shares of the company’s stock valued at $183,285,000 after buying an additional 187,813 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in Harris Corp. by 20.7% in the second quarter. Burgundy Asset Management Ltd. now owns 2,183,728 shares of the company’s stock valued at $182,210,000 after buying an additional 374,015 shares in the last quarter. 84.03% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Harris Corp. (NYSE:HRS)

Harris Corp. (NYSE:HRS) traded down 0.5344% during mid-day trading on Wednesday, hitting $104.1206. The stock had a trading volume of 170,696 shares. The company has a market cap of $12.94 billion, a P/E ratio of 38.9090 and a beta of 1.29. The company has a 50-day moving average price of $96.15 and a 200 day moving average price of $88.71. Harris Corp. has a 1-year low of $70.97 and a 1-year high of $105.93.

Harris Corp. (NYSE:HRS) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. Harris Corp. had a net margin of 4.53% and a return on equity of 22.84%. The firm earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $1.31 EPS. Harris Corp.’s revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Harris Corp. will post $5.80 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Friday, November 18th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, November 16th. Harris Corp.’s dividend payout ratio (DPR) is presently 79.70%.

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HRS has been the subject of several research reports. Cowen and Company raised Harris Corp. from a “market perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Monday, November 7th. Jefferies Group reissued a “buy” rating and set a $100.00 price objective (up from $95.00) on shares of Harris Corp. in a research note on Wednesday, August 3rd. Citigroup Inc. reduced their price objective on Harris Corp. from $112.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, September 6th. Zacks Investment Research lowered Harris Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Finally, Vertical Research initiated coverage on Harris Corp. in a research note on Friday, October 28th. They set a “buy” rating and a $100.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating, Harris Corp. currently has an average rating of “Buy” and an average target price of $101.89.

In related news, insider William H. Gattle sold 1,366 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $93.75, for a total value of $128,062.50. Following the completion of the transaction, the insider now owns 4,851 shares in the company, valued at approximately $454,781.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward J. Zoiss sold 1,884 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $92.99, for a total transaction of $175,193.16. Following the completion of the transaction, the insider now owns 1,702 shares of the company’s stock, valued at approximately $158,268.98. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Harris Corp. Company Profile

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