Harris Corporation (NYSE:HRS) SVP Sheldon J. Fox sold 50,300 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $118.24, for a total transaction of $5,947,472.00. Following the transaction, the senior vice president now directly owns 73,092 shares of the company’s stock, valued at $8,642,398.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Harris Corporation (HRS) traded up 1.21% during trading on Tuesday, reaching $119.99. 478,308 shares of the company traded hands. Harris Corporation has a 12 month low of $88.89 and a 12 month high of $121.27. The stock has a market capitalization of $14.43 billion, a PE ratio of 27.05 and a beta of 1.22. The company has a 50-day moving average of $115.61 and a 200-day moving average of $111.37.

Harris Corporation (NYSE:HRS) last posted its earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. Analysts forecast that Harris Corporation will post $6.00 earnings per share for the current fiscal year.

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HRS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Harris Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Harris Corporation in a report on Friday, July 14th. Cowen and Company reaffirmed a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a report on Thursday, July 6th. Finally, Barclays PLC downgraded shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $113.29.

Hedge funds and other institutional investors have recently bought and sold shares of the company. ARP Americas LLC boosted its position in Harris Corporation by 1.5% in the first quarter. ARP Americas LLC now owns 2,296 shares of the communications equipment provider’s stock worth $255,000 after buying an additional 35 shares during the period. Janney Montgomery Scott LLC boosted its position in Harris Corporation by 14.7% in the first quarter. Janney Montgomery Scott LLC now owns 22,335 shares of the communications equipment provider’s stock worth $2,485,000 after buying an additional 2,865 shares during the period. Duncker Streett & Co. Inc. boosted its position in Harris Corporation by 3.2% in the first quarter. Duncker Streett & Co. Inc. now owns 7,380 shares of the communications equipment provider’s stock worth $821,000 after buying an additional 228 shares during the period. Dubuque Bank & Trust Co. boosted its position in Harris Corporation by 3.1% in the first quarter. Dubuque Bank & Trust Co. now owns 30,858 shares of the communications equipment provider’s stock worth $3,434,000 after buying an additional 933 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its position in Harris Corporation by 5.9% in the first quarter. Glen Harbor Capital Management LLC now owns 19,280 shares of the communications equipment provider’s stock worth $2,145,000 after buying an additional 1,072 shares during the period. 83.60% of the stock is owned by hedge funds and other institutional investors.

Harris Corporation Company Profile

Insider Buying and Selling by Quarter for Harris Corporation (NYSE:HRS)

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