Harris Corporation (NYSE:HRS) is expected to pay $0.53 on Dec 6, 2016. The indicated annual dividend is $2.12. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Harris Corporation’s current price of $105.07, the dividend is 0.50%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 31, 2016. The stock increased 1.60% or $1.65 during the last trading session, hitting $105.07. Harris Corporation (NYSE:HRS) has risen 34.12% since April 13, 2016 and is uptrending. It has outperformed by 30.19% the S&P500.
Harris Corporation is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. The company has a market cap of $13.14 billion. It offers its services and products to government and commercial customer. It has a 37.09 P/E ratio.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio is negative, as 73 funds sold all Harris Corporation shares owned while 151 reduced positions. 46 funds bought stakes while 167 increased positions. They now own 109.08 million shares or 0.10% more from 108.97 million shares in 2016Q1.
Smith Salley Assocs accumulated 0.08% or 4,306 shares. Moreover, Barnett has 0% invested in Harris Corporation (NYSE:HRS) for 100 shares. Moreover, Deutsche Fincl Bank Ag has 0.04% invested in Harris Corporation (NYSE:HRS) for 606,759 shares. The Ontario – Canada-based Commercial Bank Of Montreal Can has invested 0.01% in Harris Corporation (NYSE:HRS). Envestnet Asset Mngmt has 0.01% invested in the company for 31,357 shares. Alphamark Advsr Limited Liability Company reported 40 shares or 0% of all its holdings. Oppenheimer And owns 39,536 shares or 0.1% of their US portfolio. Vantage Invest Advsrs, a Pennsylvania-based fund reported 10 shares. Ladenburg Thalmann Inc reported 10,064 shares or 0.01% of all its holdings. Blackrock Japan holds 0.05% of its portfolio in Harris Corporation (NYSE:HRS) for 158,233 shares. Scout Invs has 303,890 shares for 0.71% of their US portfolio. Monetary Mgmt Gp accumulated 5,450 shares or 0.21% of the stock. Cullinan Associate accumulated 64,350 shares or 0.44% of the stock. Utd Fin Advisers Lc has 0.03% invested in the company for 32,192 shares. Moreover, Victory Mgmt has 0% invested in Harris Corporation (NYSE:HRS) for 1,592 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 7 selling transactions for $5.61 million net activity. The insider FOX SHELDON J sold $1.56 million. MEHNERT DANA A sold $541,369 worth of stock. 1,884 Harris Corporation (NYSE:HRS) shares with value of $175,193 were sold by ZOISS EDWARD J. $128,063 worth of Harris Corporation (NYSE:HRS) was sold by GATTLE WILLIAM H on Tuesday, September 6. MIKUEN SCOTT T also sold $827,200 worth of Harris Corporation (NYSE:HRS) on Tuesday, August 2.
Harris Corporation (NYSE:HRS) Ratings Coverage
Out of 8 analysts covering Harris (NYSE:HRS), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Harris has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, September 7 with “Buy”. Jefferies initiated Harris Corporation (NYSE:HRS) on Thursday, December 17 with “Buy” rating. On Monday, August 10 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. The rating was initiated by RBC Capital Markets on Monday, October 12 with “Outperform”. The firm has “Outperform” rating by Cowen & Co given on Monday, November 7. Cowen & Co downgraded the stock to “Market Perform” rating in Tuesday, March 15 report. Citigroup initiated the stock with “Buy” rating in Friday, June 10 report. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Monday, November 7, the company rating was initiated by Seaport Global Securities. RBC Capital Markets maintained the shares of HRS in a report on Wednesday, February 3 with “Outperform” rating.
More notable recent Harris Corporation (NYSE:HRS) news were published by: Businesswire.com which released: “Harris Corporation Weather Instrument and Ground System Key to US Government …” on November 14, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Harris Corporation, 42.9% Follow-Through Indicator …” published on November 01, 2016, Businesswire.com published: “Harris Corporation Unfurlable Mesh Reflectors Successfully Deploy on Fifth US …” on November 08, 2016. More interesting news about Harris Corporation (NYSE:HRS) were released by: Upi.com and their article: “New night vision goggles from Harris Corporation” published on October 28, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Beat at Harris Corporation (HRS) in Q1” with publication date: November 01, 2016.
HRS Company Profile
Harris Corporation, incorporated on December 6, 1926, is a technology firm that provides products, systems and services that have defense and civil government applications, as well as commercial applications. The Firm offers its services and products to government and commercial customer. The Firm operates in four divisions: Communication Systems, which serves markets in tactical communications and defense, and public safety networks; Space and Intelligence Systems, which provides complete Earth observation, environmental, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics; Electronic Systems, which offers a portfolio of solutions in electronic warfare, avionics, wireless technology, command, control, communications, computers and intelligence (C4I) and undersea systems, and Critical Networks, which provides managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as information technology (IT) and engineering services.
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