Harman International Industries Inc. (NYSE:HAR) EVP Michael Mauser sold 886 shares of Harman International Industries stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $82.23, for a total value of $72,855.78. Following the completion of the sale, the executive vice president now owns 19,747 shares of the company’s stock, valued at $1,623,795.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Mauser also recently made the following trade(s):

  • On Thursday, September 15th, Michael Mauser sold 11,219 shares of Harman International Industries stock. The stock was sold at an average price of $81.34, for a total value of $912,553.46.
  • On Saturday, September 10th, Michael Mauser sold 11,260 shares of Harman International Industries stock. The stock was sold at an average price of $80.93, for a total value of $911,271.80.

Harman International Industries Inc. (NYSE:HAR) opened at 82.69 on Thursday. The stock has a market cap of $5.77 billion, a PE ratio of 16.57 and a beta of 2.14. The firm has a 50-day moving average price of $84.44 and a 200 day moving average price of $80.41. Harman International Industries Inc. has a 52-week low of $64.93 and a 52-week high of $112.68.

Harman International Industries (NYSE:HAR) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Harman International Industries had a return on equity of 18.54% and a net margin of 5.23%. The business earned $1.90 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company posted $1.37 EPS. Harman International Industries’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that Harman International Industries Inc. will post $6.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, August 11th. Harman International Industries’s dividend payout ratio is currently 28.11%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jag Capital Management LLC raised its position in shares of Harman International Industries by 0.3% in the first quarter. Jag Capital Management LLC now owns 7,745 shares of the company’s stock valued at $690,000 after buying an additional 25 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Harman International Industries by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,274 shares of the company’s stock valued at $378,000 after buying an additional 29 shares in the last quarter. Norinchukin Bank The raised its position in shares of Harman International Industries by 1.4% in the second quarter. Norinchukin Bank The now owns 3,700 shares of the company’s stock valued at $266,000 after buying an additional 50 shares in the last quarter. Peddock Capital Advisors LLC raised its position in shares of Harman International Industries by 1.3% in the second quarter. Peddock Capital Advisors LLC now owns 5,923 shares of the company’s stock valued at $425,000 after buying an additional 77 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Harman International Industries by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 25,471 shares of the company’s stock valued at $1,829,000 after buying an additional 100 shares in the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on HAR. FBR & Co reiterated a “hold” rating on shares of Harman International Industries in a report on Saturday, June 18th. Piper Jaffray Cos. set a $88.00 target price on Harman International Industries and gave the stock a “hold” rating in a report on Saturday, August 6th. Barclays PLC lifted their target price on Harman International Industries from $103.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Deutsche Bank AG lifted their target price on Harman International Industries from $94.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Wells Fargo & Co. reissued an “outperform” rating and issued a $95.00 price objective (up previously from $88.00) on shares of Harman International Industries in a research note on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $98.88.

Harman International Industries Company Profile

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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