Harris Corp (NYSE:HRS).
Bowen Hanes & Co Inc reports that it raised its stake in Harris Corp stock by 7,900 shares in a 13F filing with the SEC. Its position was worth $38,774,000 an increase of 24.0% according to the filing.
Bowen Hanes & Co Inc isn’t the only one who has changed their investment in HRS. Raymond James & Associates reduced its ownership by shedding 33,288 shares a decrease of 13.9%. Raymond James & Associates owns 206,296 shares worth $27,165,000. The value of the position overall is up by 3.9%. As of the end of the quarter Tredje Ap-fonden had sold 3,410 shares trimming its stake by 7.2%. The value of the investment in Harris Corp went from $5,134,000 to $5,749,000 a change of $615,000 quarter over quarter.
As of quarter end Compton Capital Management Inc /RI had disposed of a total of 520 shares trimming its holdings by 3.6%. The value of the investment in HRS increased from $1,586,000 to $1,846,000 increasing 16.4% for the reporting period.
J P Morgan Chase & Co raised the price target on November 1 boosting the projection from $138.00 to $148.00 with a “Overweight” recommendation. Equity analyst Jefferies Group LLC raised the price target on November 1 changing the price objective from $135.00 to $157.00 with a rating of “Buy”.
November 1 investment analysts at Credit Suisse Group made no change to the stock rating of “Outperform” projecting a price of $155.00. On October 31 Cowen and Company kept the company rating at “Buy” with a current price target of $150.00.
October 19 investment analysts at Cowen and Company left the company rating at “Buy” targeting a price of $150.00. On October 9 Seaport Global Securities maintained a company rating of “Buy” targeting a price of $145.00.
The company is so far trading down from yesterday’s close of 139.34. The P/E ratio is currently 25.95 and the market cap of the company is 16.55B. In the latest earnings report the EPS was $5.35 with 119.20M shares currently outstanding.
Short traders are more bullish recently as evidenced by the motion in short interest. The company experienced a fall in short interest between October 13, 2017 and October 31, 2017 of -18.86%. Short shares decreased 341,704 over that period. With short interest at 1,469,693 and short average daily volume at 493,237, the short-interest ratio is 3.0 and the short interest percentage is 0.01% as of October 31.