Stifel Financial Corp boosted its holdings in Harris Corporation (NYSE:HRS) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,847 shares of the communications equipment provider’s stock after buying an additional 8,470 shares during the period. Stifel Financial Corp owned approximately 0.06% of Harris worth $10,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EP Wealth Advisors LLC increased its stake in Harris 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 in the last quarter. Blue Chip Partners Inc. increased its stake in Harris 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 in the last quarter. Thrivent Financial For Lutherans increased its stake in Harris 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 in the last quarter. Comerica Securities Inc. increased its stake in Harris 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 in the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake in Harris by 5.4% in the second quarter. Ropes Wealth Advisors LLC now owns 1,635 shares of the communications equipment provider’s stock valued at $178,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.

Shares of Harris Corporation (NYSE:HRS) traded down $0.61 during mid-day trading on Tuesday, hitting $142.64. 492,100 shares of the stock traded hands, compared to its average volume of 744,143. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.11 and a quick ratio of 0.64. Harris Corporation has a 52 week low of $99.13 and a 52 week high of $144.94. The company has a market capitalization of $17,075.49, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 3.41 and a beta of 1.12.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Thursday, November 16th. Harris’s dividend payout ratio is 50.89%.

Several equities research analysts have commented on the stock. Cowen reaffirmed a “buy” rating and issued a $150.00 target price on shares of Harris in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Harris from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of Harris from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. J P Morgan Chase & Co upped their target price on shares of Harris from $138.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $135.00 target price on shares of Harris in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.43.

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About Harris

Institutional Ownership by Quarter for Harris (NYSE:HRS)

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