Great West Life Assurance Co. Can lowered its position in Harris Corporation (NYSE:HRS) by 4.9% during the second quarter, Holdings Channel reports. The firm owned 90,014 shares of the communications equipment provider’s stock after selling 4,663 shares during the period. Great West Life Assurance Co. Can’s holdings in Harris Corporation were worth $9,810,000 as of its most recent filing with the SEC.

Other large investors have also 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 worth $100,000 after buying an additional 157 shares during the period. Ropes Wealth Advisors LLC raised its stake in Harris Corporation by 198.8% in the first quarter. Ropes Wealth Advisors LLC now owns 1,551 shares of the communications equipment provider’s stock worth $173,000 after buying an additional 1,032 shares during the period. Ullmann Financial Group Inc. acquired a new stake in Harris Corporation during the first quarter worth about $179,000. 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 worth $195,000 after buying an additional 21,076 shares during the period. Finally, Fulton Bank N.A. acquired a new stake in Harris Corporation during the first quarter worth about $202,000. Institutional investors own 85.13% of the company’s stock.

Shares of Harris Corporation (NYSE:HRS) opened at 118.23 on Friday. The stock has a 50 day moving average of $113.79 and a 200-day moving average of $110.39. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 26.65 and a beta of 1.22. Harris Corporation has a one year low of $88.89 and a one year high of $118.99.

Harris Corporation (NYSE:HRS) last released its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.49. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. Harris Corporation’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities analysts anticipate that Harris Corporation will post $6.00 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on HRS shares. BidaskClub upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Cowen and Company reiterated a “buy” rating and set a $125.00 target price on shares of Harris Corporation in a report on Tuesday, August 1st. Jefferies Group LLC reiterated a “buy” rating and set a $135.00 target price (up from $125.00) on shares of Harris Corporation in a report on Friday, July 14th. ValuEngine upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Barclays PLC lowered shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.29.

In other news, SVP Robert L. Duffy sold 33,600 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $112.01, for a total transaction of $3,763,536.00. Following the transaction, the senior vice president now directly owns 50,311 shares of the company’s stock, valued at $5,635,335.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.71% of the stock is owned by insiders.

Harris Corporation Company Profile

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

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