Harman International Industries CEO Dinesh Paliwal Sells 26,997 Shares (HAR)
Harman International Industries (NYSE:HAR) CEO Dinesh Paliwal sold 26,997 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $65.52, for a total transaction of $1,768,843.44. Following the transaction, the chief executive officer now directly owns 132,597 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on HAR shares. Analysts at Barclays Capital raised their price target on shares of Harman International Industries (NYSE:HAR) from $57.00 to $59.00 in a research note to investors on Thursday, August 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Harman International Industries (NYSE:HAR) from $37.00 to $40.00 in a research note to investors on Friday, August 9th. They now have an “underweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Harman International Industries (NYSE:HAR) from $70.00 to $75.00 in a research note to investors on Friday, August 9th. They now have an “overweight” rating on the stock.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Harman International Industries currently has a consensus rating of “Hold” and a consensus target price of $59.20.
Harman International Industries (NYSE:HAR) traded up 1.47% on Friday, hitting $66.46. 522,444 shares of the company’s stock traded hands. Harman International Industries has a 52-week low of $36.92 and a 52-week high of $71.66. The stock’s 50-day moving average is $64.87 and its 200-day moving average is $52.70. The company has a market cap of $4.524 billion and a P/E ratio of 32.11.
Harman International Industries (NYSE:HAR) last released its earnings data on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Harman International Industries will post $3.87 earnings per share for the current fiscal year.
Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems.
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