Norinchukin Bank The increased its position in Harris Corporation (NYSE:HRS) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,461 shares of the communications equipment provider’s stock after acquiring an additional 373 shares during the quarter. Norinchukin Bank The’s holdings in Harris Corporation were worth $923,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake in Harris Corporation by 20.6% in the second quarter. Trust Co. of Vermont now owns 919 shares of the communications equipment provider’s stock valued at $100,000 after purchasing an additional 157 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Harris Corporation by 110.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,205 shares of the communications equipment provider’s stock valued at $131,000 after purchasing an additional 632 shares in the last quarter. Stephens Inc. AR purchased a new stake in Harris Corporation in the second quarter valued at approximately $167,000. Ullmann Financial Group Inc. purchased a new stake in Harris Corporation in the first quarter valued at approximately $179,000. Finally, Harbour Capital Advisors LLC raised its stake in Harris Corporation by 10,808.2% in the second quarter. Harbour Capital Advisors LLC now owns 21,271 shares of the communications equipment provider’s stock valued at $195,000 after purchasing an additional 21,076 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Harris Corporation (NYSE:HRS) opened at 128.98 on Tuesday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 29.08 and a beta of 1.19. Harris Corporation has a 1-year low of $88.89 and a 1-year high of $128.98. The firm’s 50 day moving average is $120.44 and its 200 day moving average is $113.36.

Harris Corporation (NYSE:HRS) last released its earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Harris Corporation will post $6.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.57 per share. This is an increase from Harris Corporation’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.77%. Harris Corporation’s payout ratio is 51.47%.

In related news, SVP Scott T. Mikuen sold 13,600 shares of Harris Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total transaction of $1,677,696.00. Following the completion of the sale, the senior vice president now owns 61,349 shares of the company’s stock, valued at $7,568,012.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sheldon J. Fox sold 50,300 shares of Harris Corporation stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $118.24, for a total value of $5,947,472.00. Following the sale, the senior vice president now directly owns 73,092 shares of the company’s stock, valued at approximately $8,642,398.08. The disclosure for this sale can be found here. Insiders have sold 72,357 shares of company stock valued at $8,643,111 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and issued a $134.00 target price (up from $125.00) on shares of Harris Corporation in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Harris Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. ValuEngine raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $121.57.

Harris Corporation Profile

Institutional Ownership by Quarter for Harris Corporation (NYSE:HRS)

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