Oppenheimer & Co. Inc. decreased its position in Harris Corp. (NYSE:HRS) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,953 shares of the company’s stock after selling 1,583 shares during the period. Oppenheimer & Co. Inc.’s holdings in Harris Corp. were worth $3,477,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. FirstMerit Bank N A Trustee increased its position in shares of Harris Corp. by 34.9% in the second quarter. FirstMerit Bank N A Trustee now owns 8,339 shares of the company’s stock worth $696,000 after buying an additional 2,157 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Harris Corp. by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 106,548 shares of the company’s stock worth $8,890,000 after buying an additional 1,156 shares during the last quarter. Newman Dignan & Sheerar Inc. increased its position in shares of Harris Corp. by 33.5% in the second quarter. Newman Dignan & Sheerar Inc. now owns 10,498 shares of the company’s stock worth $876,000 after buying an additional 2,635 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Harris Corp. by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 32,285 shares of the company’s stock worth $2,694,000 after buying an additional 1,935 shares during the last quarter. Finally, DNB Asset Management AS increased its position in shares of Harris Corp. by 1.9% in the second quarter. DNB Asset Management AS now owns 10,467 shares of the company’s stock worth $873,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

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

Harris Corp. (NYSE:HRS) traded down 1.07% on Wednesday, reaching $103.56. The company had a trading volume of 776,685 shares. The firm has a 50-day moving average of $96.50 and a 200-day moving average of $88.92. Harris Corp. has a 12 month low of $70.97 and a 12 month high of $105.93. The stock has a market capitalization of $12.87 billion, a P/E ratio of 38.70 and a beta of 1.29.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Wednesday, November 16th. Harris Corp.’s dividend payout ratio is presently 79.70%.

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Several equities research analysts have issued reports on the company. Citigroup Inc. cut their target price 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. Jefferies Group reissued a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of Harris Corp. in a research note on Wednesday, August 3rd. Seaport Global Securities assumed coverage on Harris Corp. in a research note on Monday, November 7th. They set a “buy” rating and a $105.00 target price for the company. Zacks Investment Research raised Harris Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, JPMorgan Chase & Co. set a $93.00 target price on Harris Corp. and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Eleven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $101.89.

In other Harris Corp. news, insider William H. Gattle sold 1,366 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $93.75, for a total transaction of $128,062.50. Following the transaction, the insider now owns 4,851 shares of the company’s stock, valued at approximately $454,781.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward J. Zoiss sold 1,884 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $92.99, for a total value of $175,193.16. Following the transaction, the insider now directly owns 1,702 shares in the company, valued at approximately $158,268.98. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

About Harris Corp.

5 Day Chart for NYSE:HRS

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