Tiaa Fsb acquired a new position in shares of Harris Corporation (NYSE:HRS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,243 shares of the communications equipment provider’s stock, valued at approximately $3,299,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Harwood Advisory Group LLC raised its holdings in Harris Corporation by 0.4% during the 2nd quarter. Harwood Advisory Group LLC now owns 2,119 shares of the communications equipment provider’s stock worth $231,000 after buying an additional 9 shares during the period. Cleararc Capital Inc. increased its holdings in shares of Harris Corporation by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 3,047 shares of the communications equipment provider’s stock valued at $339,000 after purchasing an additional 23 shares during the period. Blue Chip Partners Inc. increased its holdings in shares of Harris Corporation by 1.0% in the 2nd quarter. Blue Chip Partners Inc. now owns 2,729 shares of the communications equipment provider’s stock valued at $298,000 after purchasing an additional 26 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Harris Corporation by 0.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,685 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 30 shares during the period. Finally, Prospera Financial Services Inc increased its holdings in shares of Harris Corporation by 1.4% in the 2nd quarter. Prospera Financial Services Inc now owns 2,192 shares of the communications equipment provider’s stock valued at $239,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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A number of equities analysts have recently weighed in on HRS shares. ValuEngine upgraded Harris Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 target price (up previously from $125.00) on shares of Harris Corporation in a report on Friday, July 14th. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Cowen and Company reiterated a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a report on Thursday, July 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.57.

Harris Corporation (HRS) traded up 0.18% during trading on Friday, reaching $131.30. The company had a trading volume of 35,155 shares. The company has a market capitalization of $15.72 billion, a PE ratio of 29.60 and a beta of 1.19. The company has a 50 day moving average price of $120.91 and a 200 day moving average price of $113.51. Harris Corporation has a 52-week low of $88.89 and a 52-week high of $131.59.

Harris Corporation (NYSE:HRS) last posted its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 EPS. On average, equities analysts forecast that Harris Corporation will post $6.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.57 per share. This is a positive change from Harris Corporation’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.28 annualized dividend and a dividend yield of 1.73%. Harris Corporation’s payout ratio is 51.47%.

In other Harris Corporation news, insider Christopher D. Young sold 4,070 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $118.93, for a total transaction of $484,045.10. Following the transaction, the insider now owns 46,131 shares of the company’s stock, valued at approximately $5,486,359.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott T. Mikuen sold 13,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total value of $1,677,696.00. Following the transaction, the senior vice president now directly owns 61,349 shares in the company, valued at approximately $7,568,012.64. The disclosure for this sale can be found here. Insiders have sold a total of 72,357 shares of company stock worth $8,643,111 in the last ninety days. Insiders own 1.91% of the company’s stock.

Harris Corporation Company Profile

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

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