Hudson Valley Investment Advisors Inc. ADV Trims Holdings in Harris Co. (NYSE:HRS)

Hudson Valley Investment Advisors Inc. ADV reduced its stake in Harris Co. (NYSE:HRS) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,691 shares of the communications equipment provider’s stock after selling 62 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Harris were worth $887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Artisan Partners Limited Partnership increased its stake in shares of Harris by 42.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 4,535,465 shares of the communications equipment provider’s stock worth $724,359,000 after purchasing an additional 1,346,524 shares during the last quarter. Norges Bank bought a new stake in Harris in the 4th quarter valued at about $150,507,000. Janus Henderson Group PLC lifted its holdings in shares of Harris by 14.7% during the 1st quarter. Janus Henderson Group PLC now owns 5,078,411 shares of the communications equipment provider’s stock worth $811,076,000 after acquiring an additional 652,182 shares during the period. FMR LLC lifted its holdings in shares of Harris by 62.7% during the 1st quarter. FMR LLC now owns 1,260,139 shares of the communications equipment provider’s stock worth $201,255,000 after acquiring an additional 485,422 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Harris by 1.5% during the 1st quarter. BlackRock Inc. now owns 9,702,108 shares of the communications equipment provider’s stock worth $1,549,525,000 after acquiring an additional 141,508 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on HRS shares. Zacks Investment Research raised shares of Harris from a “sell” rating to a “hold” rating and set a $201.00 price target for the company in a report on Tuesday, April 30th. Raymond James upped their price objective on shares of Harris from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. ValuEngine upgraded shares of Harris from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Argus upped their price target on shares of Harris to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 8th. Finally, Barclays upped their price target on shares of Harris from $205.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $208.17.

HRS opened at $184.96 on Friday. The stock has a market cap of $21.85 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98. Harris Co. has a twelve month low of $123.24 and a twelve month high of $200.77. The company has a fifty day moving average of $192.07 and a 200-day moving average of $177.44. The company has a quick ratio of 1.15, a current ratio of 1.42 and a debt-to-equity ratio of 0.95.

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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