Catalyst Capital Advisors LLC continued to hold its stake in shares of Harris Corporation (NYSE:HRS) during the second quarter, according to its most recent filing with the SEC. The fund owned 16,500 shares of the communications equipment provider’s stock at the end of the second quarter. Catalyst Capital Advisors LLC’s holdings in Harris Corporation were worth $1,800,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 during the period. BlackRock Inc. boosted its stake 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 during the period. Boston Partners boosted its stake in shares of Harris Corporation by 0.7% in the first quarter. Boston Partners now owns 7,185,264 shares of the communications equipment provider’s stock valued at $799,505,000 after buying an additional 51,634 shares during the period. State Street Corp boosted its stake in shares of Harris Corporation by 3.9% in the first quarter. State Street Corp now owns 5,085,846 shares of the communications equipment provider’s stock valued at $565,898,000 after buying an additional 188,952 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Harris Corporation by 3.1% in the first quarter. Wellington Management Group LLP now owns 2,444,847 shares of the communications equipment provider’s stock valued at $272,038,000 after buying an additional 74,146 shares during the period. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Harris Corporation (HRS) opened at 118.37 on Friday. The company has a 50-day moving average price of $114.00 and a 200 day moving average price of $110.51. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 26.68 and a beta of 1.22. Harris Corporation has a 52-week low of $88.89 and a 52-week high of $119.07.

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

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Several equities research analysts have recently issued reports on HRS shares. Cowen and Company reaffirmed a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a report on Thursday, July 6th. BidaskClub raised Harris Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine raised Harris Corporation from a “hold” rating to a “buy” rating in a report 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 report on Friday, July 7th. Finally, Zacks Investment Research cut Harris Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $113.29.

In other Harris Corporation news, insider Christopher D. Young sold 4,070 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $118.93, for a total value of $484,045.10. Following the completion of the sale, the insider now owns 46,131 shares in the company, valued at approximately $5,486,359.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert L. Duffy sold 33,600 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 50,311 shares of the company’s stock, valued at approximately $5,635,335.11. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Harris Corporation Company Profile

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

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