Harman International Industries Inc. (NYSE:HAR) EVP Michael Mauser sold 886 shares of Harman International Industries stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $82.23, for a total transaction of $72,855.78. Following the completion of the sale, the executive vice president now owns 19,747 shares of the company’s stock, valued at $1,623,795.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael Mauser also recently made the following trade(s):

  • On Thursday, September 15th, Michael Mauser sold 11,219 shares of Harman International Industries stock. The stock was sold at an average price of $81.34, for a total transaction of $912,553.46.
  • On Saturday, September 10th, Michael Mauser sold 11,260 shares of Harman International Industries stock. The stock was sold at an average price of $80.93, for a total transaction of $911,271.80.

Shares of Harman International Industries Inc. (NYSE:HAR) opened at 81.81 on Tuesday. Harman International Industries Inc. has a 12-month low of $64.93 and a 12-month high of $112.68. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 16.39 and a beta of 2.14. The stock’s 50 day moving average is $84.41 and its 200-day moving average is $80.39.

Harman International Industries (NYSE:HAR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The business earned $1.90 billion during the quarter, compared to the consensus estimate of $1.78 billion. Harman International Industries had a return on equity of 18.54% and a net margin of 5.23%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Equities analysts anticipate that Harman International Industries Inc. will post $6.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, August 11th. Harman International Industries’s payout ratio is currently 28.11%.

HAR has been the subject of a number of recent analyst reports. Piper Jaffray Cos. initiated coverage on shares of Harman International Industries in a research note on Thursday, June 9th. They issued a “neutral” rating and a $84.00 target price for the company. Royal Bank Of Canada cut shares of Harman International Industries from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $85.00 to $73.00 in a research note on Wednesday, June 29th. Wells Fargo & Co. restated an “outperform” rating and set a $95.00 price objective (up from $88.00) on shares of Harman International Industries in a research note on Wednesday, August 10th. Barclays PLC restated an “overweight” rating and set a $103.00 price objective (down from $105.00) on shares of Harman International Industries in a research note on Tuesday, July 19th. Finally, FBR & Co lifted their price objective on shares of Harman International Industries from $85.00 to $90.00 and gave the company a “mkt perform” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $98.88.

Several large investors have recently bought and sold shares of HAR. Jag Capital Management LLC increased its stake in Harman International Industries by 0.3% in the first quarter. Jag Capital Management LLC now owns 7,745 shares of the company’s stock valued at $690,000 after buying an additional 25 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Harman International Industries by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,274 shares of the company’s stock valued at $378,000 after buying an additional 29 shares during the last quarter. Norinchukin Bank The increased its stake in Harman International Industries by 1.4% in the second quarter. Norinchukin Bank The now owns 3,700 shares of the company’s stock valued at $266,000 after buying an additional 50 shares during the last quarter. Peddock Capital Advisors LLC increased its stake in Harman International Industries by 1.3% in the second quarter. Peddock Capital Advisors LLC now owns 5,923 shares of the company’s stock valued at $425,000 after buying an additional 77 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Harman International Industries by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 25,471 shares of the company’s stock valued at $1,829,000 after buying an additional 100 shares during the last quarter. 95.83% of the stock is owned by institutional investors and hedge funds.

Harman International Industries Company Profile

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.

5 Day Chart for NYSE:HAR

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