National Pension Service raised its position in shares of Harris Corporation (NYSE:HRS) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,316 shares of the communications equipment provider’s stock after buying an additional 11,510 shares during the period. National Pension Service’s holdings in Harris Corporation were worth $13,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HRS. BlackRock Inc. raised its position 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 buying an additional 7,442,472 shares during the period. Janus Capital Management LLC raised its position 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 buying an additional 1,553,628 shares during the period. Private Advisor Group LLC raised its position 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 buying an additional 761,127 shares during the period. FMR LLC raised its position 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 buying an additional 441,769 shares during the period. Finally, Vanguard Group Inc. raised its position in Harris Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 13,291,259 shares of the communications equipment provider’s stock worth $1,478,919,000 after buying an additional 379,265 shares during the period. 85.64% of the stock is owned by hedge funds and other institutional investors.

Harris Corporation (NYSE HRS) opened at 115.18 on Monday. Harris Corporation has a 1-year low of $84.70 and a 1-year high of $116.09. The firm’s 50-day moving average is $110.14 and its 200 day moving average is $108.08. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 24.76 and a beta of 1.22.

Harris Corporation (NYSE:HRS) last issued its earnings results on Wednesday, May 3rd. The communications equipment provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.07. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Harris Corporation had a return on equity of 23.25% and a net margin of 8.50%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Equities analysts anticipate that Harris Corporation will post $5.52 EPS for the current fiscal year.

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A number of research analysts recently weighed in on HRS shares. Zacks Investment Research lowered shares of Harris Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC lowered shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a report on Monday, May 1st. BidaskClub lowered shares of Harris Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $125.00 price objective on shares of Harris Corporation in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Harris Corporation has an average rating of “Buy” and a consensus target price of $110.75.

In other Harris Corporation news, SVP Robert L. Duffy sold 33,600 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $112.01, for a total value of $3,763,536.00. Following the completion of the sale, the senior vice president now directly owns 50,311 shares in the company, valued at approximately $5,635,335.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

About Harris Corporation

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

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