Dividend To Observe: Harman International Industries, Incorporated (NYSE:HAR) gearing towards $0.35 dividends on Nov 30, 2016.

Dividend To Observe: Harman International Industries, Incorporated (NYSE:HAR) gearing towards $0.35 dividends on Nov 30, 2016.

Harman International Industries, Incorporated (NYSE:HAR) is expected to pay $0.35 on Nov 30, 2016. The indicated annual dividend is $1.40. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Harman International Industries, Incorporated’s current price of $84.45, the dividend is 0.41%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 3, 2016. The stock increased 2.56% or $2.11 during the last trading session, hitting $84.45. Harman International Industries Inc (NYSE:HAR) has risen 0.19% since April 5, 2016 and is uptrending. It has underperformed by 1.76% the S&P500.

Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The company has a market cap of $5.83 billion. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. It has a 16.96 P/E ratio. The Connected Car segment designs, makes and markets connected car systems for vehicle applications.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.25, from 1.36 in 2016Q1. The ratio is negative, as 60 funds sold all Harman International Industries Inc shares owned while 126 reduced positions. 69 funds bought stakes while 138 increased positions. They now own 65.11 million shares or 5.26% less from 68.73 million shares in 2016Q1.
Bbr Lc has 15,100 shares for 0.18% of their US portfolio. New Mexico Educational Retirement Board has invested 0.03% of its portfolio in Harman International Industries Inc (NYSE:HAR). Commonwealth Equity Services Inc holds 0% of its portfolio in Harman International Industries Inc (NYSE:HAR) for 4,926 shares. Checchi Advisers Ltd accumulated 457 shares or 0% of the stock. Blackrock Grp Limited has invested 0.02% of its portfolio in Harman International Industries Inc (NYSE:HAR). New York State Teachers Retirement Sys last reported 0.02% of its portfolio in the stock. Carlson Limited Partnership has 289,100 shares for 0.26% of their US portfolio. Etrade Capital Mngmt Ltd Liability Corp has 0.07% invested in the company for 18,022 shares. Bragg Fincl Advisors has 0.23% invested in the company for 17,995 shares. State Of Tennessee Treasury Department accumulated 0.03% or 83,243 shares. The United Kingdom-based Gsa Capital Prtnrs Llp has invested 0.02% in Harman International Industries Inc (NYSE:HAR). State Street owns 2.70 million shares or 0.02% of their US portfolio. Timber Hill Ltd Limited Liability Company, a Connecticut-based fund reported 3,737 shares. Bnp Paribas Arbitrage holds 0.01% or 18,718 shares in its portfolio. Royal Retail Bank Of Canada owns 79,357 shares or 0% of their US portfolio.

Insider Transactions: Since August 11, 2016, the stock had 0 insider buys, and 3 insider sales for $1.41 million net activity. Mauser Michael sold $72,852 worth of stock. 5,006 shares with value of $425,673 were sold by Parker Herbert K on Thursday, August 11.

Harman International Industries Inc (NYSE:HAR) Ratings Coverage

Out of 15 analysts covering Harman (NYSE:HAR), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. Harman has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Susquehanna initiated it with “Neutral” rating and $102 target price in Tuesday, December 22 report. The stock of Harman International Industries Inc (NYSE:HAR) earned “Overweight” rating by Barclays Capital on Wednesday, August 5. The stock of Harman International Industries Inc (NYSE:HAR) has “Buy” rating given on Tuesday, June 14 by Northcoast. FBR Capital maintained Harman International Industries Inc (NYSE:HAR) on Friday, August 5 with “Mkt Perform” rating. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, January 29. On Friday, July 22 the stock rating was downgraded by Pacific Crest to “Sector Weight”. The firm has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The rating was downgraded by Robert W. Baird to “Neutral” on Friday, August 5. The stock of Harman International Industries Inc (NYSE:HAR) has “Sector Perform” rating given on Wednesday, June 29 by RBC Capital Markets. The stock of Harman International Industries Inc (NYSE:HAR) has “Outperform” rating given on Friday, November 13 by William Blair.

More notable recent Harman International Industries Inc (NYSE:HAR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International …” on November 07, 2016, also Nasdaq.com with their article: “Harman International Industries Breaks Above 200-Day Moving Average – Bullish …” published on November 03, 2016, Fool.com published: “Why Harman International Industries Inc. Stock Tumbled Today” on April 28, 2016. More interesting news about Harman International Industries Inc (NYSE:HAR) were released by: Fool.com and their article: “Why Harman International Industries Inc. Shares Plunged” published on January 28, 2016 as well as Bloomberg.com‘s news article titled: “Former Harman International VP Charged With Insider Trading” with publication date: February 06, 2016.

HAR Company Profile

Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Company’s brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company’s software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.

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