Dupont Capital Management Corp Has $2.89 Million Position in Harris Corporation (HRS)

Dupont Capital Management Corp raised its position in shares of Harris Corporation (NYSE:HRS) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,453 shares of the communications equipment provider’s stock after buying an additional 5,123 shares during the period. Dupont Capital Management Corp’s holdings in Harris Corporation were worth $2,885,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in shares of Harris Corporation by 41.8% in the second quarter. Wedbush Securities Inc. now owns 3,272 shares of the communications equipment provider’s stock valued at $357,000 after buying an additional 964 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Harris Corporation by 33.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 17,570 shares of the communications equipment provider’s stock valued at $1,988,000 after buying an additional 4,416 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Harris Corporation by 169.3% in the second quarter. First Trust Advisors LP now owns 180,717 shares of the communications equipment provider’s stock valued at $19,713,000 after buying an additional 113,621 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Harris Corporation by 220.8% in the second quarter. Canada Pension Plan Investment Board now owns 2,820 shares of the communications equipment provider’s stock valued at $308,000 after buying an additional 1,941 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Harris Corporation by 41.7% in the second quarter. Trexquant Investment LP now owns 3,400 shares of the communications equipment provider’s stock valued at $371,000 after buying an additional 1,000 shares in the last quarter. 83.60% of the stock is owned by institutional investors and hedge funds.

Harris Corporation (HRS) opened at 119.11 on Friday. The stock has a market capitalization of $14.33 billion, a PE ratio of 26.85 and a beta of 1.22. The company’s 50 day moving average is $115.06 and its 200-day moving average is $111.03. Harris Corporation has a 1-year low of $88.89 and a 1-year high of $121.27.

Harris Corporation (NYSE:HRS) last released its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $1.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.49. Harris Corporation had a net margin of 8.53% and a return on equity of 23.49%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $1.45 earnings per share. Harris Corporation’s revenue was up .6% compared to the same quarter last year. Analysts forecast that Harris Corporation will post $6.00 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC restated 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. Cowen and Company restated a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a report on Tuesday, August 1st. ValuEngine upgraded shares of Harris Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Barclays PLC cut shares of Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Harris Corporation currently has a consensus rating of “Buy” and a consensus target price of $113.29.

In other Harris Corporation news, SVP Robert L. Duffy sold 33,600 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 50,311 shares of the company’s stock, valued at $5,635,335.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher D. Young sold 4,070 shares of the firm’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 sale, the insider now directly owns 46,131 shares in the company, valued at approximately $5,486,359.83. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Harris Corporation Company Profile

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