The Barbara Oil Co. Holds Position in Harris Corporation (HRS), Report finds

The Barbara Oil Co. Holds Position in Harris Corporation (HRS), Report finds

Several other hedge funds and other institutional investors have also modified their holdings of HRS. Municipal Employees Retirement System of Michigan boosted its position in shares of Harris Corporation by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,940 shares of the company’s stock valued at $361,000 after buying an additional 10 shares in the last quarter. Blue Chip Partners Inc. boosted its position in shares of Harris Corporation by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 6,081 shares of the company’s stock valued at $507,000 after buying an additional 32 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Harris Corporation by 0.6% in the third quarter. Duncker Streett & Co. Inc. now owns 7,151 shares of the company’s stock valued at $655,000 after buying an additional 44 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Harris Corporation by 0.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,357 shares of the company’s stock valued at $780,000 after buying an additional 54 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Harris Corporation by 0.3% in the third quarter. FTB Advisors Inc. now owns 23,558 shares of the company’s stock valued at $2,157,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 84.96% of the company’s stock.

Barbara Oil Co. held its position in shares of Harris Corporation (NYSE:HRS) during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,000 shares of the company’s stock at the end of the fourth quarter. Barbara Oil Co.’s holdings in Harris Corporation were worth $1,025,000 as of its most recent filing with the SEC.

Shares of Harris Corporation (NYSE:HRS) traded up 0.14% during mid-day trading on Thursday, reaching $105.06. 534,075 shares of the company’s stock were exchanged. Harris Corporation has a 1-year low of $70.97 and a 1-year high of $107.54. The company’s 50 day moving average is $102.64 and its 200 day moving average is $96.47. The stock has a market capitalization of $13.08 billion, a PE ratio of 19.89 and a beta of 1.27.

Harris Corporation (NYSE:HRS) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Harris Corporation had a return on equity of 22.73% and a net margin of 9.15%. Harris Corporation’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.49 EPS. Equities research analysts anticipate that Harris Corporation will post $5.55 EPS for the current fiscal year.

HRS has been the topic of a number of analyst reports. Seaport Global Securities initiated coverage on shares of Harris Corporation in a research note on Monday, November 7th. They set a “buy” rating and a $105.00 target price on the stock. Zacks Investment Research upgraded shares of Harris Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Vertical Research initiated coverage on shares of Harris Corporation in a research note on Friday, October 28th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Cowen and Company upgraded shares of Harris Corporation from a “market perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Monday, November 7th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $101.50.

In related news, SVP Dana A. Mehnert sold 99,400 shares of Harris Corporation stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $104.64, for a total value of $10,401,216.00. Following the transaction, the senior vice president now owns 116,490 shares of the company’s stock, valued at approximately $12,189,513.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.71% of the company’s stock.

About Harris Corporation

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