Harman International Industries Inc. (NYSE:HAR) shares were up 3.1% during trading on Tuesday . The stock traded as high as $82.28 and last traded at $82.15, with a volume of 562,321 shares trading hands. The stock had previously closed at $79.66.

Several research analysts have recently commented on HAR shares. Zacks Investment Research lowered shares of Harman International Industries from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Royal Bank Of Canada lowered their price objective on shares of Harman International Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, April 29th. Piper Jaffray Cos. started coverage on shares of Harman International Industries in a research note on Thursday, June 9th. They issued a “neutral” rating and a $84.00 price objective for the company. Barclays PLC reissued an “overweight” rating and issued a $103.00 price objective (down previously from $105.00) on shares of Harman International Industries in a research note on Tuesday, July 19th. Finally, Northcoast Research started coverage on shares of Harman International Industries in a research note on Tuesday, June 14th. They issued a “buy” rating and a $105.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $99.88.

The company has a market capitalization of $5.79 billion and a price-to-earnings ratio of 16.41. The firm has a 50 day moving average of $75.68 and a 200 day moving average of $78.05.

Harman International Industries (NYSE:HAR) last issued its earnings results on Thursday, April 28th. The company reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. Harman International Industries’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts expect that Harman International Industries Inc. will post $6.19 earnings per share for the current fiscal year.

In other Harman International Industries news, CMO Ralph Santana sold 3,650 shares of the stock in a transaction on Friday, May 6th. The stock was sold at an average price of $72.17, for a total value of $263,420.50. Following the sale, the chief marketing officer now directly owns 3,650 shares of the company’s stock, valued at $263,420.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A number of large investors recently modified their holdings of HAR. Aberdeen Asset Management PLC UK raised its stake in shares of Harman International Industries by 19.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 12,609 shares of the company’s stock valued at $1,324,000 after buying an additional 2,012 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of Harman International Industries during the fourth quarter valued at $1,207,000. ProShare Advisors LLC raised its stake in shares of Harman International Industries by 5.4% in the fourth quarter. ProShare Advisors LLC now owns 14,503 shares of the company’s stock valued at $1,366,000 after buying an additional 744 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of 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 in the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of 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 in the last quarter.

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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