Artisan Partners Limited Partnership increased its stake in shares of Harris Corporation (NYSE:HRS) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,916,965 shares of the communications equipment provider’s stock after purchasing an additional 192,230 shares during the quarter. Artisan Partners Limited Partnership owned 1.61% of Harris worth $252,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRS. EP Wealth Advisors LLC grew its position in Harris by 1.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,875 shares of the communications equipment provider’s stock valued at $205,000 after acquiring an additional 19 shares during the last quarter. Blue Chip Partners Inc. grew its position in Harris 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 acquiring an additional 26 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Harris 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 acquiring an additional 30 shares during the last quarter. Comerica Securities Inc. grew its position in Harris by 3.5% in the 2nd quarter. Comerica Securities Inc. now owns 2,068 shares of the communications equipment provider’s stock valued at $226,000 after acquiring an additional 70 shares during the last quarter. Finally, Ropes Wealth Advisors LLC grew its position in Harris by 5.4% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,635 shares of the communications equipment provider’s stock valued at $178,000 after acquiring an additional 84 shares during the last quarter. 84.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Harris news, SVP Scott T. Mikuen sold 13,600 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly 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 through this link. Also, SVP Scott T. Mikuen sold 4,387 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $121.70, for a total value of $533,897.90. The disclosure for this sale can be found here. 1.91% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on HRS shares. ValuEngine raised Harris from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Harris from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Credit Suisse Group started coverage on Harris in a research report on Monday, August 28th. They issued an “outperform” rating and a $144.00 price objective on the stock. J P Morgan Chase & Co upped their price objective on Harris from $138.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, BidaskClub raised Harris from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $145.43.

Shares of Harris Corporation (HRS) traded down $1.64 during mid-day trading on Friday, hitting $142.86. The company’s stock had a trading volume of 784,869 shares, compared to its average volume of 661,849. Harris Corporation has a twelve month low of $99.13 and a twelve month high of $144.94. The stock has a market cap of $17,224.49, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.44 and a beta of 1.13. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.14.

Harris (NYSE:HRS) last issued its earnings results on Tuesday, October 31st. The communications equipment provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.03. Harris had a return on equity of 23.36% and a net margin of 9.02%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. analysts forecast that Harris Corporation will post 5.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, November 16th. Harris’s dividend payout ratio is 50.89%.

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Harris Company Profile

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Institutional Ownership by Quarter for Harris (NYSE:HRS)

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