Teachers Advisors LLC lowered its position in Harris Corporation (NYSE:HRS) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,701 shares of the communications equipment provider’s stock after selling 5,031 shares during the quarter. Teachers Advisors LLC owned approximately 0.19% of Harris Corporation worth $25,601,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HRS. BlackRock Inc. grew its stake in Harris Corporation by 3,267.9% in the first quarter. BlackRock Inc. now owns 7,670,217 shares of the communications equipment provider’s stock worth $853,463,000 after purchasing an additional 7,442,472 shares in the last quarter. Janus Capital Management LLC grew its stake in Harris Corporation by 253.7% in the first quarter. Janus Capital Management LLC now owns 2,165,991 shares of the communications equipment provider’s stock worth $241,010,000 after purchasing an additional 1,553,628 shares in the last quarter. Private Advisor Group LLC grew its stake in Harris Corporation by 20,790.1% in the first quarter. Private Advisor Group LLC now owns 764,788 shares of the communications equipment provider’s stock worth $9,623,000 after purchasing an additional 761,127 shares in the last quarter. SG Americas Securities LLC grew its stake in Harris Corporation by 2,515.7% in the second quarter. SG Americas Securities LLC now owns 475,954 shares of the communications equipment provider’s stock worth $51,917,000 after purchasing an additional 457,758 shares in the last quarter. Finally, FMR LLC grew its stake in Harris Corporation by 38.6% in the first quarter. FMR LLC now owns 1,587,040 shares of the communications equipment provider’s stock worth $176,590,000 after purchasing an additional 441,769 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on HRS shares. ValuEngine raised Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub cut Harris Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research cut Harris Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Cowen and Company reaffirmed a “buy” rating and set a $125.00 target price on shares of Harris Corporation in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Harris Corporation in a research report on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Harris Corporation has an average rating of “Buy” and a consensus price target of $121.57.

Shares of Harris Corporation (HRS) opened at 131.06 on Friday. Harris Corporation has a 12 month low of $88.89 and a 12 month high of $131.90. The company has a market cap of $15.70 billion, a PE ratio of 29.54 and a beta of 1.19. The firm’s 50-day moving average price is $120.91 and its 200 day moving average price is $113.51.

Harris Corporation (NYSE:HRS) last posted its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.49. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Harris Corporation will post $6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Harris Corporation’s previous quarterly dividend of $0.53. Harris Corporation’s dividend payout ratio is currently 51.47%.

In other news, SVP Scott T. Mikuen sold 13,600 shares of the company’s stock in a transaction on 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 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 can be accessed through this hyperlink. Also, SVP Sheldon J. Fox sold 50,300 shares of the company’s stock in a transaction on 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 in the company, 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 worth $8,643,111 in the last ninety days. Corporate insiders own 1.91% of the company’s stock.

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About Harris Corporation

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

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