Machina Capital S.A.S. boosted its stake in shares of Harris Co. (NYSE:HRS) by 84.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,004 shares of the communications equipment provider’s stock after acquiring an additional 5,026 shares during the period. Harris accounts for 0.8% of Machina Capital S.A.S.’s portfolio, making the stock its 26th largest holding. Machina Capital S.A.S.’s holdings in Harris were worth $2,081,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. West Oak Capital LLC grew its stake in Harris by 39.2% during the second quarter. West Oak Capital LLC now owns 213 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 60 shares in the last quarter. Sigma Planning Corp grew its stake in Harris by 3.1% during the first quarter. Sigma Planning Corp now owns 2,022 shares of the communications equipment provider’s stock valued at $323,000 after acquiring an additional 61 shares in the last quarter. Weatherstone Capital Management grew its stake in Harris by 2.8% during the first quarter. Weatherstone Capital Management now owns 2,756 shares of the communications equipment provider’s stock valued at $440,000 after acquiring an additional 74 shares in the last quarter. Shine Investment Advisory Services Inc. grew its stake in Harris by 25.1% during the first quarter. Shine Investment Advisory Services Inc. now owns 419 shares of the communications equipment provider’s stock valued at $67,000 after acquiring an additional 84 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Harris by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,188 shares of the communications equipment provider’s stock valued at $699,000 after acquiring an additional 91 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Barclays increased their price objective on shares of Anaplan from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. They noted that the move was a valuation call. Argus increased their price objective on shares of Harris to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Raymond James reiterated a “buy” rating and set a $21.00 price objective on shares of Colfax in a research report on Thursday, May 2nd. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $201.13.

HRS stock traded up $1.56 during trading on Tuesday, hitting $201.39. 1,542,685 shares of the company’s stock traded hands, compared to its average volume of 1,293,305. Harris Co. has a 52 week low of $123.24 and a 52 week high of $200.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.42 and a quick ratio of 1.15. The firm has a fifty day simple moving average of $192.55. The firm has a market capitalization of $23.79 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98.

Harris (NYSE:HRS) last released its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.07. Harris had a net margin of 13.60% and a return on equity of 27.13%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $1.67 earnings per share. Harris’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Harris Co. will post 8.15 earnings per share for the current year.

In other news, insider William H. Gattle sold 5,131 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $178.71, for a total value of $916,961.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert L. Duffy sold 9,124 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $179.99, for a total transaction of $1,642,228.76. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by company insiders.

Harris Profile

Harris Corporation provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios.

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Institutional Ownership by Quarter for Harris (NYSE:HRS)

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