Sii Investments Inc. WI acquired a new position in shares of Harman International Industries Inc. (NYSE:HAR) during the second quarter, Holdings Channel reports. The firm acquired 2,968 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also recently bought and sold shares of HAR. Norges Bank purchased a new stake in Harman International Industries during the fourth quarter worth approximately $52,351,000. Chevy Chase Trust Holdings Inc. raised its stake in Harman International Industries by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 60,168 shares of the company’s stock worth $5,357,000 after buying an additional 2,603 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Harman International Industries by 13.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,490 shares of the company’s stock worth $1,468,000 after buying an additional 1,967 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in Harman International Industries by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 17,321 shares of the company’s stock worth $1,542,000 after buying an additional 1,389 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in Harman International Industries by 25.7% in the first quarter. GW&K Investment Management LLC now owns 204,067 shares of the company’s stock worth $18,170,000 after buying an additional 41,680 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.

Shares of Harman International Industries Inc. (NYSE:HAR) traded up 0.32% during mid-day trading on Tuesday, hitting $82.07. 68,457 shares of the stock traded hands. The company has a market capitalization of $5.73 billion, a PE ratio of 16.45 and a beta of 2.14. The company’s 50-day moving average price is $84.41 and its 200 day moving average price is $80.39. Harman International Industries Inc. has a 1-year low of $64.93 and a 1-year high of $112.68.

Harman International Industries (NYSE:HAR) last issued its earnings results on Thursday, August 4th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Harman International Industries had a net margin of 5.23% and a return on equity of 18.54%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that Harman International Industries Inc. will post $6.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, August 11th. Harman International Industries’s payout ratio is currently 28.11%.

A number of equities research analysts have recently commented on HAR shares. Piper Jaffray Cos. started coverage on shares of Harman International Industries in a research note on Thursday, June 9th. They issued a “neutral” rating and a $84.00 price objective on the stock. Northcoast Research started coverage on shares of Harman International Industries in a research note on Tuesday, June 14th. They issued a “buy” rating and a $105.00 price objective on the stock. FBR & Co reaffirmed a “hold” rating on shares of Harman International Industries in a research note on Saturday, June 18th. Royal Bank Of Canada lowered shares of Harman International Industries from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $85.00 to $73.00 in a research note on Wednesday, June 29th. Finally, Zacks Investment Research raised shares of Harman International Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Harman International Industries currently has an average rating of “Hold” and an average price target of $98.88.

In other Harman International Industries news, EVP Michael Mauser sold 11,260 shares of the business’s stock in a transaction on Saturday, September 10th. The shares were sold at an average price of $80.93, for a total transaction of $911,271.80. Following the transaction, the executive vice president now directly owns 12,801 shares of the company’s stock, valued at approximately $1,035,984.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Herbert K. Parker sold 5,006 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $85.03, for a total transaction of $425,660.18. Following the transaction, the executive vice president now directly owns 17,018 shares in the company, valued at $1,447,040.54. The disclosure for this sale can be found here. Company insiders own 0.95% 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 audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments.

5 Day Chart for NYSE:HAR

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