Patton Albertson Miller Group LLC held its stake in Harris Corporation (NYSE:HRS) during the second quarter, Holdings Channel reports. The fund owned 2,940 shares of the communications equipment provider’s stock at the end of the second quarter. Patton Albertson Miller Group LLC’s holdings in Harris Corporation were worth $340,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Trust Co. of Vermont increased its stake in Harris Corporation by 20.6% in the second quarter. Trust Co. of Vermont now owns 919 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 157 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in Harris Corporation by 198.8% in the first quarter. Ropes Wealth Advisors LLC now owns 1,551 shares of the communications equipment provider’s stock valued at $173,000 after buying an additional 1,032 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in Harris Corporation during the first quarter valued at $179,000. Harbour Capital Advisors LLC increased its stake in Harris Corporation by 10,808.2% in the second quarter. Harbour Capital Advisors LLC now owns 21,271 shares of the communications equipment provider’s stock valued at $195,000 after buying an additional 21,076 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in Harris Corporation during the first quarter valued at $202,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

Harris Corporation (NYSE:HRS) opened at 118.23 on Friday. Harris Corporation has a 52 week low of $88.89 and a 52 week high of $118.99. The company has a 50-day moving average of $113.79 and a 200-day moving average of $110.39. The company has a market cap of $14.22 billion, a P/E ratio of 26.65 and a beta of 1.22.

Harris Corporation (NYSE:HRS) last released its earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.49. The company had revenue of $1.54 billion for 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 period in the prior year, the business earned $1.45 EPS. On average, equities research analysts predict that Harris Corporation will post $6.00 EPS for the current year.

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Several analysts have recently weighed in on HRS shares. BidaskClub raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Cowen and Company reaffirmed a “buy” rating and set a $125.00 price target on shares of Harris Corporation in a research note on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price objective (up previously from $125.00) on shares of Harris Corporation in a research note on Friday, July 14th. ValuEngine raised shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Barclays PLC downgraded shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $113.29.

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

About Harris Corporation

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

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