Amica Mutual Insurance Co. continued to hold its position in shares of Harris Co. (NYSE:HRS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,158 shares of the communications equipment provider’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Harris were worth $796,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Harris during the first quarter valued at about $332,000. Great West Life Assurance Co. Can raised its position in shares of Harris by 1.6% in the first quarter. Great West Life Assurance Co. Can now owns 94,677 shares of the communications equipment provider’s stock valued at $10,524,000 after buying an additional 1,509 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Harris by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,046 shares of the communications equipment provider’s stock valued at $2,231,000 after buying an additional 729 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Harris during the first quarter valued at about $271,000. Finally, Advisor Partners LLC raised its position in shares of Harris by 14.3% in the first quarter. Advisor Partners LLC now owns 2,295 shares of the communications equipment provider’s stock valued at $255,000 after buying an additional 287 shares in the last quarter. 83.24% of the stock is currently owned by institutional investors.
Harris Co. (NYSE:HRS) traded up 0.65% during mid-day trading on Friday, reaching $110.72. The company’s stock had a trading volume of 970,620 shares. The stock’s 50 day moving average is $110.66 and its 200 day moving average is $105.10. The firm has a market cap of $13.78 billion, a PE ratio of 20.96 and a beta of 1.27. Harris Co. has a one year low of $74.66 and a one year high of $113.58.
Harris (NYSE:HRS) last issued its quarterly earnings results on Wednesday, May 3rd. The communications equipment provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.07. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Harris had a return on equity of 22.73% and a net margin of 9.15%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, analysts anticipate that Harris Co. will post $5.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 31st. Harris’s dividend payout ratio (DPR) is presently 40.08%.
Several research analysts recently issued reports on the company. Jefferies Group LLC upped their target price on Harris from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Barclays PLC lowered Harris from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, May 1st. Finally, Zacks Investment Research lowered Harris from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $107.25.
In related news, Director James F. Albaugh purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were purchased at an average price of $104.99 per share, for a total transaction of $104,990.00. Following the transaction, the director now directly owns 825 shares of the company’s stock, valued at approximately $86,616.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert L. Duffy sold 21,050 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $105.51, for a total value of $2,220,985.50. Following the completion of the transaction, the senior vice president now owns 37,761 shares in the company, valued at approximately $3,984,163.11. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.
Harris Company Profile
Want to see what other hedge funds are holding HRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harris Co. (NYSE:HRS).