Harman International Industries Inc. (NYSE:HAR) was up 4% on Wednesday . The company traded as high as $81.35 and last traded at $81.09, with a volume of 564,962 shares traded. The stock had previously closed at $77.98.

A number of equities research analysts have weighed in on HAR shares. Northcoast Research started coverage on shares of Harman International Industries in a report on Tuesday, June 14th. They set a “buy” rating and a $105.00 target price on the stock. Goldman Sachs Group Inc. started coverage on shares of Harman International Industries in a research note on Thursday, March 31st. They issued a “buy” rating and a $110.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Harman International Industries in a research note on Saturday, April 30th. Deutsche Bank AG started coverage on shares of Harman International Industries in a research note on Wednesday. They issued a “buy” rating and a $94.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Harman International Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Harman International Industries currently has an average rating of “Buy” and an average target price of $99.88.

The stock has a market capitalization of $5.79 billion and a P/E ratio of 16.44. The company’s 50 day moving average is $75.67 and its 200 day moving average is $78.44.

Harman International Industries (NYSE:HAR) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts expect that Harman International Industries Inc. will post $6.20 EPS for the current year.

In related news, CMO Ralph Santana sold 3,650 shares of Harman International Industries stock in a transaction on Friday, May 6th. The shares were sold at an average price of $72.17, for a total value of $263,420.50. Following the sale, the chief marketing officer now owns 3,650 shares in the company, valued at $263,420.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Other hedge funds recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its stake in Harman International Industries by 35.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 64,052 shares of the company’s stock valued at $6,034,000 after buying an additional 16,648 shares during the period. Twin Capital Management Inc. boosted its stake in Harman International Industries by 0.7% in the fourth quarter. Twin Capital Management Inc. now owns 19,900 shares of the company’s stock valued at $1,875,000 after buying an additional 130 shares during the period. Morgan Stanley boosted its stake in Harman International Industries by 204.3% in the fourth quarter. Morgan Stanley now owns 383,502 shares of the company’s stock valued at $36,131,000 after buying an additional 257,467 shares during the period. Gulf International Bank UK Ltd boosted its stake in Harman International Industries by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 19,430 shares of the company’s stock valued at $1,831,000 after buying an additional 200 shares during the period. Finally, BOKF NA boosted its stake in Harman International Industries by 4.9% in the fourth quarter. BOKF NA now owns 37,561 shares of the company’s stock valued at $3,539,000 after buying an additional 1,766 shares during the period.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments.

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