Shares of Harris Corporation (NYSE:HRS) have earned an average rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $111.67.

HRS has been the subject of several recent analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $125.00 price target on shares of Harris Corporation in a research report on Thursday, July 6th. BidaskClub raised Harris Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine raised Harris Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $125.00 target price on shares of Harris Corporation in a research report on Friday, July 7th. Finally, Barclays PLC lowered Harris Corporation from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, May 1st.

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In related news, insider Christopher D. Young sold 4,070 shares of the business’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 completion of the transaction, the insider now directly owns 46,131 shares in the company, valued at approximately $5,486,359.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert L. Duffy sold 33,600 shares of the business’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 value of $3,763,536.00. Following the transaction, the senior vice president now owns 50,311 shares of the company’s stock, valued at $5,635,335.11. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HRS. Harwood Advisory Group LLC increased its position in shares of Harris Corporation by 0.4% in the second quarter. Harwood Advisory Group LLC now owns 2,119 shares of the communications equipment provider’s stock worth $231,000 after buying an additional 9 shares during the period. EP Wealth Advisors LLC increased its position in shares of Harris Corporation by 1.0% in the second quarter. EP Wealth Advisors LLC now owns 1,875 shares of the communications equipment provider’s stock worth $205,000 after buying an additional 19 shares during the period. Cleararc Capital Inc. increased its position in shares of Harris Corporation by 0.8% in the first quarter. Cleararc Capital Inc. now owns 3,047 shares of the communications equipment provider’s stock worth $339,000 after buying an additional 23 shares during the period. Intrust Bank NA increased its position in shares of Harris Corporation by 1.1% in the first quarter. Intrust Bank NA now owns 2,496 shares of the communications equipment provider’s stock worth $277,000 after buying an additional 26 shares during the period. Finally, Blue Chip Partners Inc. increased its position in shares of Harris Corporation by 1.0% in the second quarter. Blue Chip Partners Inc. now owns 2,729 shares of the communications equipment provider’s stock worth $298,000 after buying an additional 26 shares during the period. Institutional investors own 83.60% of the company’s stock.

Harris Corporation (NYSE:HRS) traded up 0.89% on Tuesday, hitting $119.61. 164,978 shares of the company were exchanged. The stock has a 50 day moving average of $115.61 and a 200 day moving average of $111.37. Harris Corporation has a 52 week low of $88.89 and a 52 week high of $121.27. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 26.96 and a beta of 1.22.

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

Harris Corporation Company Profile

Analyst Recommendations for Harris Corporation (NYSE:HRS)

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