Investors sold shares of Harman International Industries Inc. (NYSE:HAR) on strength during trading on Wednesday. $23.21 million flowed into the stock on the tick-up and $43.20 million flowed out of the stock on the tick-down, for a money net flow of $19.99 million out of the stock. Of all companies tracked, Harman International Industries had the 0th highest net out-flow for the day. Harman International Industries traded up $0.87 for the day and closed at $81.79

HAR has been the topic of a number of research reports. Northcoast Research initiated 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. Royal Bank Of Canada restated a “buy” rating on shares of Harman International Industries in a research report on Saturday, April 30th. Deutsche Bank AG started coverage on shares of Harman International Industries in a research report on Wednesday, July 20th. They set a “buy” rating and a $94.00 price target for the company. Zacks Investment Research upgraded shares of Harman International Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, FBR & Co restated a “hold” rating on shares of Harman International Industries in a research report on Saturday, June 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.88.

The firm has a market capitalization of $5.77 billion and a P/E ratio of 16.37. The firm’s 50-day moving average is $76.36 and its 200-day moving average is $78.00.

In other Harman International Industries news, CMO Ralph Santana sold 3,650 shares of Harman International Industries stock in a transaction on Friday, May 6th. The stock was sold at an average price of $72.17, for a total transaction of $263,420.50. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink.

Several hedge funds and institutional investors recently modified their holdings of HAR. Aberdeen Asset Management PLC UK boosted its position 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 worth $1,324,000 after buying an additional 2,012 shares during the last quarter. Gulf International Bank UK Ltd boosted its position 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 worth $1,831,000 after buying an additional 200 shares during the last quarter. Airain ltd boosted its position in shares of Harman International Industries by 833.0% in the fourth quarter. Airain ltd now owns 30,584 shares of the company’s stock worth $2,881,000 after buying an additional 27,306 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Harman International Industries by 386.0% in the fourth quarter. Trexquant Investment LP now owns 34,503 shares of the company’s stock worth $3,251,000 after buying an additional 27,403 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its position in shares of Harman International Industries by 1.0% in the fourth quarter. I.G. Investment Management LTD. now owns 42,617 shares of the company’s stock worth $4,015,000 after buying an additional 425 shares during 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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