Comerica Bank lessened its holdings in Harris Corporation (NYSE:HRS) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,913 shares of the communications equipment provider’s stock after selling 5,488 shares during the period. Comerica Bank’s holdings in Harris Corporation were worth $7,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BB&T Investment Services Inc. purchased a new stake in shares of Harris Corporation in the 2nd quarter worth approximately $113,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Harris Corporation by 110.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,205 shares of the communications equipment provider’s stock worth $131,000 after purchasing an additional 632 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Harris Corporation in the 2nd quarter worth approximately $157,000. Stephens Inc. AR purchased a new stake in shares of Harris Corporation in the 2nd quarter worth approximately $167,000. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Harris Corporation by 5.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,635 shares of the communications equipment provider’s stock worth $178,000 after purchasing an additional 84 shares during the period. 83.84% of the stock is owned by hedge funds and other institutional investors.

In other Harris Corporation news, SVP Scott T. Mikuen sold 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were 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 owns 61,349 shares in the company, valued at approximately $7,568,012.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott T. Mikuen sold 4,387 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $121.70, for a total transaction of $533,897.90. The disclosure for this sale can be found here. Corporate insiders own 1.91% of the company’s stock.

Several equities research analysts have recently weighed in on HRS shares. Credit Suisse Group started coverage on shares of Harris Corporation in a research report on Monday, August 28th. They issued an “outperform” rating and a $144.00 price target for the company. Cowen and Company reiterated a “buy” rating and set a $134.00 price objective (up previously from $125.00) on shares of Harris Corporation in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research note on Monday, October 16th. Jefferies Group LLC boosted their price objective on shares of Harris Corporation from $135.00 to $157.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Seaport Global Securities reiterated a “buy” rating and set a $145.00 price objective (up previously from $135.00) on shares of Harris Corporation in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Harris Corporation currently has an average rating of “Buy” and a consensus target price of $145.43.

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Harris Corporation (NYSE:HRS) opened at $139.84 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.64 and a current ratio of 1.11. The company has a market cap of $16,670.00, a P/E ratio of 24.66, a P/E/G ratio of 3.33 and a beta of 1.12. Harris Corporation has a 52 week low of $99.13 and a 52 week high of $141.97.

Harris Corporation (NYSE:HRS) last posted its quarterly earnings data on Tuesday, October 31st. The communications equipment provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.44 billion. Harris Corporation had a net margin of 9.02% and a return on equity of 23.36%. Harris Corporation’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. analysts forecast that Harris Corporation will post 5.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.28 dividend on an annualized basis and a yield of 1.63%. Harris Corporation’s payout ratio is 42.62%.

About Harris Corporation

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

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