Harman International Industries /DE/ (HAR) : Horan Capital Advisors. scooped up 3,698 additional shares in Harman International Industries /DE/ during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 23,293 shares of Harman International Industries /DE/ which is valued at $1,975,479.Harman International Industries /DE/ makes up approximately 1.51% of Horan Capital Advisors.’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in HAR by selling 1,641 shares or 6.69% in the most recent quarter. The Hedge Fund company now holds 22,891 shares of HAR which is valued at $1,941,386. Harman International Industries /DE/ makes up approx 0.02% of Texas Permanent School Fund’s portfolio.Oppenheimer Co Inc boosted its stake in HAR in the latest quarter, The investment management firm added 2,600 additional shares and now holds a total of 7,050 shares of Harman International Industries /DE/ which is valued at $598,616. Harman International Industries /DE/ makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.Alpha Omega Wealth Management boosted its stake in HAR in the latest quarter, The investment management firm added 14,865 additional shares and now holds a total of 28,427 shares of Harman International Industries /DE/ which is valued at $2,413,737. Harman International Industries /DE/ makes up approx 1.97% of Alpha Omega Wealth Management’s portfolio. Quantbot Technologies Lp added HAR to its portfolio by purchasing 1,366 company shares during the most recent quarter which is valued at $111,725. Harman International Industries /DE/ makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.
Harman International Industries /DE/ closed down -0.88 points or -1.02% at $85.29 with 7,86,269 shares getting traded on Friday. Post opening the session at $85.6, the shares hit an intraday low of $85.05 and an intraday high of $86.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Harman International Industries /DE/ reported $1.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.52. The company had revenue of $1881.00 million for the quarter, compared to analysts expectations of $1788.93 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Harman International Industries /DE/. Robert W. Baird Downgraded Harman International Industries /DE/ on Aug 5, 2016 to ” Neutral”, Price Target of the shares are set at $87.Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 103 from a previous price target of $94 .Company shares were Reiterated by FBR Capital on Aug 5, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .
Harman International Industries Incorporated is engaged in the designing and engineering of connected products and solutions for automakers consumers and enterprises including audio systems visual products enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications as well as a range of loudspeaker and electronics for home multimedia and mobile applications. The Professional segment provides audio lighting video and control and automation solutions for commercial enterprise and public space applications. The Services segment creates software solutions that integrate design mobility cloud and analytics. Its brands include AKG AMX Crown Harman/Kardon Infinity JBL JBL Professional Lexicon Mark Levinson Martin Revel Soundcraft and Studer.