State Board of Administration of Florida Retirement System grew its holdings in shares of Harris Corporation (NYSE:HRS) by 9.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 224,526 shares of the communications equipment provider’s stock after acquiring an additional 18,940 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.19% of Harris Corporation worth $29,566,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HRS. Teachers Advisors LLC lifted its holdings in shares of Harris Corporation by 34.3% in the first quarter. Teachers Advisors LLC now owns 239,732 shares of the communications equipment provider’s stock valued at $26,675,000 after buying an additional 61,223 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Harris Corporation by 6.2% in the first quarter. Thrivent Financial For Lutherans now owns 4,655 shares of the communications equipment provider’s stock valued at $518,000 after buying an additional 270 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Harris Corporation by 8.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 2,821 shares of the communications equipment provider’s stock valued at $314,000 after buying an additional 219 shares during the period. Independent Portfolio Consultants Inc. acquired a new stake in shares of Harris Corporation in the second quarter valued at $326,000. Finally, Capital One National Association lifted its holdings in shares of Harris Corporation by 1.6% in the second quarter. Capital One National Association now owns 81,790 shares of the communications equipment provider’s stock valued at $8,921,000 after buying an additional 1,271 shares during the period. Institutional investors own 84.68% of the company’s stock.

In other Harris Corporation news, SVP Sheldon J. Fox sold 50,300 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 73,092 shares of the company’s stock, valued at approximately $8,642,398.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher D. Young sold 4,070 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 46,131 shares in the company, valued at $5,486,359.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,357 shares of company stock worth $8,643,111. Insiders own 1.91% of the company’s stock.

Several 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. Zacks Investment Research raised Harris Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Credit Suisse Group began coverage on Harris Corporation in a report on Monday, August 28th. They set an “outperform” rating and a $144.00 target price for the company. BidaskClub raised Harris Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Harris Corporation has a consensus rating of “Buy” and a consensus target price of $145.43.

Harris Corporation (NYSE:HRS) opened at $138.99 on Tuesday. The firm has a market capitalization of $16,570.00, a price-to-earnings ratio of 24.59, a P/E/G ratio of 3.32 and a beta of 1.12. Harris Corporation has a 52-week low of $95.52 and a 52-week high of $141.97. 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 posted its quarterly earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. Harris Corporation had a return on equity of 23.36% and a net margin of 9.02%. Harris Corporation’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. equities analysts predict that Harris Corporation will post 5.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, November 16th. Harris Corporation’s payout ratio is currently 42.62%.

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About Harris Corporation

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

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