Traders sold shares of Harris Corp. (NYSE:HRS) on strength during trading hours on Wednesday. $15.15 million flowed into the stock on the tick-up and $51.61 million flowed out of the stock on the tick-down, for a money net flow of $36.46 million out of the stock. Of all equities tracked, Harris Corp. had the 0th highest net out-flow for the day. Harris Corp. traded up $0.10 for the day and closed at $88.07

A number of brokerages recently commented on HRS. JPMorgan Chase & Co. set a $93.00 price objective on Harris Corp. and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Group reiterated a “buy” rating on shares of Harris Corp. in a research report on Wednesday. Zacks Investment Research lowered Harris Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Drexel Hamilton restated a “buy” rating on shares of Harris Corp. in a research report on Friday, June 17th. Finally, Citigroup Inc. started coverage on Harris Corp. in a research report on Friday, June 10th. They set a “buy” rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $98.29.

The stock’s 50-day moving average is $84.14 and its 200 day moving average is $79.94. The firm has a market capitalization of $10.98 billion and a price-to-earnings ratio of 99.85.

Harris Corp. (NYSE:HRS) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Harris Corp.’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. Equities research analysts anticipate that Harris Corp. will post $5.85 earnings per share for the current fiscal year.

In other Harris Corp. news, SVP Dana A. Mehnert sold 6,600 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $82.03, for a total value of $541,398.00. Following the completion of the transaction, the senior vice president now directly owns 69,065 shares in the company, valued at $5,665,401.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of institutional investors have recently bought and sold shares of HRS. Advantus Capital Management Inc increased its position in Harris Corp. by 3.0% in the fourth quarter. Advantus Capital Management Inc now owns 11,959 shares of the company’s stock valued at $1,039,000 after buying an additional 350 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Harris Corp. by 5.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 16,498 shares of the company’s stock valued at $1,434,000 after buying an additional 910 shares in the last quarter. Eaton Vance Management increased its position in Harris Corp. by 3.2% in the fourth quarter. Eaton Vance Management now owns 19,377 shares of the company’s stock valued at $1,684,000 after buying an additional 597 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in Harris Corp. by 12.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 28,833 shares of the company’s stock valued at $2,191,000 after buying an additional 3,247 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Harris Corp. by 6.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 38,032 shares of the company’s stock valued at $3,305,000 after buying an additional 2,200 shares in the last quarter.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3, 2015, the Company operated through four business segments: RF Communications, Government Communications Systems, Integrated Network Solutions and Exelis.

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