First National Bank Of Mount Dora Trust Investment Services Lowers stake in Harris Corporation (HRS)

Harris Corporation (HRS) : First National Bank Of Mount Dora Trust Investment Services reduced its stake in Harris Corporation by 4.27% during the most recent quarter end. The investment management company now holds a total of 52,590 shares of Harris Corporation which is valued at $4 Million after selling 2,346 shares in Harris Corporation according to a report filed by the company on Apr 5, 2016 with the SEC.Harris Corporation makes up approximately 2.38% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Harris Corporation reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $1.36. The company had revenue of $1843.00 million for the quarter, compared to analysts expectations of $1893.39 million. The company’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Many Wall Street Analysts have commented on Harris Corporation. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform” and Lowered the Price Target to $ 97 from a previous price target of $102 .

Harris Corporation closed down -0.26 points or -0.34% at $76.45 with 8,54,200 shares getting traded on Monday. Post opening the session at $77.04, the shares hit an intraday low of $76.43 and an intraday high of $77.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Harris Corporation (Harris) together with its subsidiaries is engaged in providing technology-based solutions to government and commercial customers. As of July 3 2015 the Company operated through four business segments: RF Communications Government Communications Systems Integrated Network Solutions and Exelis. The RF Communications segment is engaged in serving the United States Department of Defense (DoD) and International Tactical Communications and public safety and professional communications markets. The Government Communications Systems segment is engaged in serving civil national intelligence and defense markets. The Integrated Network Solutions segment is engaged in serving information technology (IT) services and managed satellite and terrestrial communications solutions markets. The Exelis segment provides positioning and navigation sensors air traffic management solutions image processing and distribution communications and information systems.

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