Virtu KCG Holdings LLC lessened its holdings in shares of Harris Corporation (NYSE:HRS) by 54.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,365 shares of the communications equipment provider’s stock after selling 13,633 shares during the period. Virtu KCG Holdings LLC’s holdings in Harris Corporation were worth $1,240,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HRS. BlackRock Inc. lifted its holdings in shares of Harris Corporation by 3,267.9% during the 1st quarter. BlackRock Inc. now owns 7,670,217 shares of the communications equipment provider’s stock valued at $853,463,000 after purchasing an additional 7,442,472 shares in the last quarter. Janus Capital Management LLC lifted its holdings in shares of Harris Corporation by 253.7% during the 1st quarter. Janus Capital Management LLC now owns 2,165,991 shares of the communications equipment provider’s stock valued at $241,010,000 after purchasing an additional 1,553,628 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Harris Corporation by 2,515.7% during the 2nd quarter. SG Americas Securities LLC now owns 475,954 shares of the communications equipment provider’s stock valued at $51,917,000 after purchasing an additional 457,758 shares in the last quarter. FMR LLC lifted its holdings in shares of Harris Corporation by 38.6% during the 1st quarter. FMR LLC now owns 1,587,040 shares of the communications equipment provider’s stock valued at $176,590,000 after purchasing an additional 441,769 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Harris Corporation by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 13,291,259 shares of the communications equipment provider’s stock valued at $1,478,919,000 after purchasing an additional 379,265 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Several equities analysts have recently weighed in on HRS shares. ValuEngine upgraded Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and issued a $135.00 target price (up previously from $125.00) on shares of Harris Corporation in a research note on Friday, July 14th. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Cowen and Company restated a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.57.

In other Harris Corporation news, insider Christopher D. Young sold 4,070 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $118.93, for a total value of $484,045.10. Following the completion of the sale, the insider now owns 46,131 shares of the company’s stock, valued at $5,486,359.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Scott T. Mikuen sold 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $123.36, for a total value of $1,677,696.00. Following the completion of the sale, the senior vice president now directly owns 61,349 shares of the company’s stock, valued at approximately $7,568,012.64. The disclosure for this sale can be found here. Insiders sold 72,357 shares of company stock valued at $8,643,111 in the last three months. Insiders own 1.91% of the company’s stock.

Shares of Harris Corporation (NYSE:HRS) opened at 131.68 on Friday. Harris Corporation has a 1-year low of $88.89 and a 1-year high of $131.90. The firm has a 50-day moving average price of $120.91 and a 200 day moving average price of $113.51. The company has a market cap of $15.77 billion, a PE ratio of 29.68 and a beta of 1.19.

Harris Corporation (NYSE:HRS) last announced its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 EPS for the quarter, meeting 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 analysts’ expectations of $1.52 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Harris Corporation will post $6.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, September 7th. This is a boost from Harris Corporation’s previous quarterly dividend of $0.53. Harris Corporation’s dividend payout ratio (DPR) is 51.47%.

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Harris Corporation Profile

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

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