EP Wealth Advisors LLC Buys 19 Shares of Harris Corporation (HRS)
EP Wealth Advisors LLC grew its stake in Harris Corporation (NYSE:HRS) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,875 shares of the communications equipment provider’s stock after acquiring an additional 19 shares during the quarter. EP Wealth Advisors LLC’s holdings in Harris Corporation were worth $205,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Trust Co. of Vermont lifted its position in shares of 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 acquiring an additional 157 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Harris Corporation in the second quarter valued at $113,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Harris Corporation by 110.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,205 shares of the communications equipment provider’s stock valued at $131,000 after acquiring an additional 632 shares in the last quarter. BT Investment Management Ltd purchased a new stake in shares of Harris Corporation in the second quarter valued at $157,000. Finally, Stephens Inc. AR purchased a new stake in shares of Harris Corporation in the second quarter valued at $167,000. Institutional investors and hedge funds own 84.98% of the company’s stock.
Several analysts have recently issued reports on HRS shares. Cowen and Company restated a “buy” rating and issued a $125.00 price objective on shares of Harris Corporation in a research report on Thursday, July 6th. BidaskClub upgraded Harris Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Harris Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 target price on shares of Harris Corporation in a research report on Friday, July 7th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $145.00 target price (up from $135.00) on shares of Harris Corporation in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Harris Corporation presently has a consensus rating of “Buy” and an average target price of $131.57.
Shares of Harris Corporation (NYSE HRS) traded down 0.23% during midday trading on Monday, reaching $136.24. The company’s stock had a trading volume of 45,132 shares. The stock has a market capitalization of $16.32 billion, a PE ratio of 30.71 and a beta of 1.18. The stock has a 50-day moving average price of $128.98 and a 200 day moving average price of $116.44. Harris Corporation has a 52 week low of $88.89 and a 52 week high of $137.16.
Harris Corporation (NYSE:HRS) last posted its earnings results on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. Harris Corporation had a return on equity of 23.49% and a net margin of 8.53%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Equities analysts forecast that Harris Corporation will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.57 per share. This is a positive change from Harris Corporation’s previous quarterly dividend of $0.53. This represents a $2.28 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, September 7th. Harris Corporation’s dividend payout ratio (DPR) is 51.47%.
In other Harris Corporation news, SVP Scott T. Mikuen sold 13,600 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $123.36, for a total transaction of $1,677,696.00. Following the transaction, the senior vice president now directly owns 61,349 shares in the company, valued at $7,568,012.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher D. Young sold 4,070 shares of the firm’s 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 transaction, the insider now owns 46,131 shares in the company, valued at $5,486,359.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,357 shares of company stock worth $8,643,111. Corporate insiders own 1.91% of the company’s stock.
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Harris Corporation Profile
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