Prudential Financial Inc. lifted its position in Harris Corporation (NYSE:HRS) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,548 shares of the communications equipment provider’s stock after acquiring an additional 2,390 shares during the quarter. Prudential Financial Inc. owned 0.14% of Harris Corporation worth $22,853,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HRS. EP Wealth Advisors LLC grew its stake in Harris Corporation by 1.0% in the second quarter. EP Wealth Advisors LLC now owns 1,875 shares of the communications equipment provider’s stock valued at $205,000 after purchasing an additional 19 shares during the last quarter. Blue Chip Partners Inc. grew its stake in Harris Corporation by 1.0% in the second quarter. Blue Chip Partners Inc. now owns 2,729 shares of the communications equipment provider’s stock valued at $298,000 after purchasing an additional 26 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Harris Corporation by 0.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,685 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 30 shares during the last quarter. Prospera Financial Services Inc grew its stake in Harris Corporation by 1.4% in the second quarter. Prospera Financial Services Inc now owns 2,192 shares of the communications equipment provider’s stock valued at $239,000 after purchasing an additional 31 shares during the last quarter. Finally, Comerica Securities Inc. grew its stake in Harris Corporation by 3.5% in the second quarter. Comerica Securities Inc. now owns 2,068 shares of the communications equipment provider’s stock valued at $226,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company’s stock.

Shares of Harris Corporation (HRS) opened at $140.35 on Friday. Harris Corporation has a 52 week low of $99.13 and a 52 week high of $141.97. The firm has a market capitalization of $16,565.31, a PE ratio of 24.51, a PEG ratio of 3.31 and a beta of 1.12. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.14.

Harris Corporation (NYSE:HRS) last issued its quarterly earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.03. Harris Corporation had a return on equity of 23.36% and a net margin of 9.02%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The company’s revenue was down .5% on a year-over-year basis. research analysts forecast that Harris Corporation will post 5.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.62%. Harris Corporation’s payout ratio is 50.89%.

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Several equities analysts have issued reports on HRS shares. BidaskClub lowered Harris Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Cowen and Company reiterated a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Harris Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Credit Suisse Group started coverage on Harris Corporation in a research note on Monday, August 28th. They issued an “outperform” rating and a $144.00 target price on the stock. Finally, ValuEngine upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with 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 $145.43.

In other news, SVP Sheldon J. Fox sold 50,300 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $118.24, for a total transaction of $5,947,472.00. Following the sale, the senior vice president now owns 73,092 shares in the company, valued at $8,642,398.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Scott T. Mikuen sold 13,600 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total value of $1,677,696.00. Following the sale, the senior vice president now owns 61,349 shares in the company, valued at approximately $7,568,012.64. The disclosure for this sale can be found here. Insiders have sold 68,287 shares of company stock worth $8,159,066 in the last 90 days. Insiders own 1.91% of the company’s stock.

Harris Corporation Profile

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

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