Harris Corporation (HRS) Shares Sold by Wilen Investment Management CORP.

Wilen Investment Management CORP. lessened its stake in Harris Corporation (NYSE:HRS) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,590 shares of the communications equipment provider’s stock after selling 1,300 shares during the quarter. Harris accounts for about 2.0% of Wilen Investment Management CORP.’s investment portfolio, making the stock its 14th biggest holding. Wilen Investment Management CORP.’s holdings in Harris were worth $3,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Harris by 0.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,853 shares of the communications equipment provider’s stock valued at $6,211,000 after buying an additional 343 shares during the period. TIAA FSB lifted its position in shares of Harris by 1.1% in the fourth quarter. TIAA FSB now owns 31,987 shares of the communications equipment provider’s stock worth $4,530,000 after purchasing an additional 348 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Harris by 2.3% in the third quarter. CIBC Asset Management Inc now owns 17,202 shares of the communications equipment provider’s stock worth $2,265,000 after purchasing an additional 387 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Harris by 2.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,321 shares of the communications equipment provider’s stock worth $2,413,000 after purchasing an additional 410 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Harris by 13.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,476 shares of the communications equipment provider’s stock worth $492,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 83.84% of the company’s stock.

Shares of Harris Corporation (NYSE:HRS) opened at $156.23 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.68 and a debt-to-equity ratio of 1.13. Harris Corporation has a 1 year low of $106.18 and a 1 year high of $160.67. The stock has a market cap of $18,399.56, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 3.99 and a beta of 1.29.

Harris (NYSE:HRS) last posted its quarterly earnings results on Tuesday, January 30th. The communications equipment provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.28. Harris had a net margin of 8.63% and a return on equity of 24.49%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. equities analysts anticipate that Harris Corporation will post 6.48 EPS for the current fiscal year.

HRS has been the topic of a number of research reports. Credit Suisse Group boosted their price objective on shares of Harris from $167.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Cowen reissued a “buy” rating and issued a $157.00 price objective on shares of Harris in a research report on Monday, January 22nd. Zacks Investment Research lowered shares of Harris from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Jefferies Group boosted their price objective on shares of Harris from $135.00 to $157.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Harris from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $154.57.

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About Harris

Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. It offers its products and services to government and commercial customer. It operates in four segments: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless and technology, among others, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.

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Institutional Ownership by Quarter for Harris (NYSE:HRS)

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