Wheatland Advisors Inc. lowered its stake in shares of Harris Corporation (NYSE:HRS) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,199 shares of the communications equipment provider’s stock after selling 1,098 shares during the period. Harris Corporation accounts for approximately 3.0% of Wheatland Advisors Inc.’s portfolio, making the stock its 5th largest position. Wheatland Advisors Inc.’s holdings in Harris Corporation were worth $3,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Harris Corporation by 3,267.9% in the first quarter. BlackRock Inc. now owns 7,670,217 shares of the communications equipment provider’s stock valued at $853,463,000 after buying an additional 7,442,472 shares in the last quarter. Janus Capital Management LLC increased its position in shares of Harris Corporation by 253.7% in the first quarter. Janus Capital Management LLC now owns 2,165,991 shares of the communications equipment provider’s stock valued at $241,010,000 after buying an additional 1,553,628 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Harris Corporation by 20,790.1% in the first quarter. Private Advisor Group LLC now owns 764,788 shares of the communications equipment provider’s stock valued at $9,623,000 after buying an additional 761,127 shares in the last quarter. FMR LLC increased its position in shares of Harris Corporation by 38.6% in the first quarter. FMR LLC now owns 1,587,040 shares of the communications equipment provider’s stock valued at $176,590,000 after buying an additional 441,769 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Harris Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 13,291,259 shares of the communications equipment provider’s stock valued at $1,478,919,000 after buying an additional 379,265 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Harris Corporation (NYSE HRS) opened at 118.55 on Thursday. Harris Corporation has a 52 week low of $88.89 and a 52 week high of $118.59. The firm has a 50 day moving average of $113.61 and a 200-day moving average of $110.33. The company has a market capitalization of $14.26 billion, a P/E ratio of 26.72 and a beta of 1.22.

Harris Corporation (NYSE:HRS) last issued its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $1.45 EPS. On average, analysts forecast that Harris Corporation will post $6.00 earnings per share for the current year.

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Several equities analysts recently issued reports on HRS shares. Zacks Investment Research downgraded shares of Harris Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Cowen and Company reaffirmed a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research note on Thursday, July 6th. ValuEngine raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research note on Friday, July 7th. Finally, BidaskClub raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $113.29.

In related news, SVP Robert L. Duffy sold 33,600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $112.01, for a total value of $3,763,536.00. Following the completion of the transaction, the senior vice president now owns 50,311 shares in the company, valued at approximately $5,635,335.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.71% of the stock is owned by company insiders.

About Harris Corporation

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Institutional Ownership by Quarter for Harris Corporation (NYSE:HRS)

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