Hilton Capital Management LLC Has Cut Its Position in Harris Corp. (HRS) by $4.17 Million

October 13, 2018 - By Hazel Jackson

Harris Corporation (NYSE:HRS) LogoInvestors sentiment is 0.91 in 2018 Q2. Its the same as in 2018Q1. It has no change, as 35 investors sold HRS shares while 214 reduced holdings. only 76 funds opened positions while 151 raised stakes. 98.88 million shares or 1.24% less from 100.12 million shares in 2018Q1 were reported. Tiaa Cref Mngmt Ltd Com accumulated 470,566 shares. Kwmg Limited reported 0% of its portfolio in Harris Corporation (NYSE:HRS). Peapack Gladstone Fincl Corporation holds 15,400 shares. Massachusetts Comm Ma stated it has 0.07% in Harris Corporation (NYSE:HRS). Bancorporation owns 3,795 shares for 0.01% of their portfolio. Zeke Cap Advsr Lc has 1,937 shares for 0.03% of their portfolio. Captrust Financial reported 0% stake. Moreover, Newman Dignan Sheerar Inc has 0.09% invested in Harris Corporation (NYSE:HRS) for 9,613 shares. M Holdings Secs has invested 0.08% in Harris Corporation (NYSE:HRS). Gamco Investors Incorporated Et Al holds 0.43% of its portfolio in Harris Corporation (NYSE:HRS) for 437,224 shares. Shamrock Asset Management Ltd Liability invested in 8,684 shares or 0.76% of the stock. Principal Fin Gp Inc owns 192,700 shares or 0.03% of their US portfolio. Schroder Invest Mngmt Grp reported 180 shares. Aperio Grp Ltd Liability Company, a California-based fund reported 64,548 shares. Jnba stated it has 0% in Harris Corporation (NYSE:HRS).

Since August 15, 2018, it had 0 buys, and 5 sales for $19.39 million activity. MIKUEN SCOTT T had sold 3,903 shares worth $627,407. 24,670 shares were sold by Young Christopher D., worth $3.99 million. ZOISS EDWARD J sold 26,311 shares worth $4.28M. Taylor Todd A. sold 18,698 shares worth $3.03 million.

Hilton Capital Management Llc decreased its stake in Harris Corp. (HRS) by 20.2% based on its latest 2018Q2 regulatory filing with the SEC. Hilton Capital Management Llc sold 28,947 shares as the company’s stock rose 6.20% with the market. The hedge fund held 114,359 shares of the industrial machinery and components company at the end of 2018Q2, valued at $16.53 million, down from 143,306 at the end of the previous reported quarter. Hilton Capital Management Llc who had been investing in Harris Corp. for a number of months, seems to be less bullish one the $18.20B market cap company. The stock increased 0.42% or $0.65 during the last trading session, reaching $154.87. About 900,998 shares traded or 41.24% up from the average. Harris Corporation (NYSE:HRS) has risen 30.74% since October 13, 2017 and is uptrending. It has outperformed by 15.12% the S&P500.

Hilton Capital Management Llc, which manages about $589.79 million and $621.24M US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 372,419 shares to 382,669 shares, valued at $19.02M in 2018Q2, according to the filing.

Analysts await Harris Corporation (NYSE:HRS) to report earnings on October, 30. They expect $1.70 earnings per share, up 23.19 % or $0.32 from last year’s $1.38 per share. HRS’s profit will be $199.76 million for 22.78 P/E if the $1.70 EPS becomes a reality. After $1.78 actual earnings per share reported by Harris Corporation for the previous quarter, Wall Street now forecasts -4.49 % negative EPS growth.

More news for Harris Corporation (NYSE:HRS) were recently published by: Bizjournals.com, which released: “F-35, HELIOS: Harris Corp, Lockheed Martin get more than $500M in local defense work” on September 18, 2018. Businesswire.com‘s article titled: “Harris Corporation Kicks Off Annual Brevard County United Way Campaign with First of Ten Planned Events” and published on September 27, 2018 is yet another important article.

Harris Corporation (NYSE:HRS) Ratings Coverage

Among 3 analysts covering Harris (NYSE:HRS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Harris had 5 analyst reports since May 3, 2018 according to SRatingsIntel. Credit Suisse maintained Harris Corporation (NYSE:HRS) on Tuesday, May 22 with “Buy” rating. The firm earned “Buy” rating on Tuesday, May 8 by Goldman Sachs. The stock has “Outperform” rating by Credit Suisse on Wednesday, August 1. The firm has “Outperform” rating given on Thursday, May 3 by Credit Suisse.

Harris Corporation (NYSE:HRS) Institutional Positions Chart

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