November 29, 2016 - By Ruchi Gupta · 0 Comments
Harman International Industries Inc (NYSE:HAR) institutional sentiment is 1.11 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as only 207 active investment managers increased or opened new equity positions, while 186 decreased and sold their stakes in Harman International Industries Inc. The active investment managers in our partner’s database now own: 65.11 million shares, down from 68.73 million shares in 2016Q1. Also, the number of active investment managers holding Harman International Industries Inc in their top 10 equity positions decreased from 7 to 6 for a decrease of 1. Sold All: 60 Reduced: 126 Increased: 138 New Position: 69.
Harman International Industries, Incorporated is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The company has a market cap of $7.65 billion. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. It has a 20.97 P/E ratio. The Connected Car segment designs, makes and markets connected car systems for vehicle applications.
The stock decreased 0.20% or $0.22 during the last trading session, hitting $109.52. Harman International Industries Inc (NYSE:HAR) has risen 24.36% since April 26, 2016 and is uptrending. It has outperformed by 19.10% the S&P500.
Analysts await Harman International Industries Inc (NYSE:HAR) to report earnings on January, 26. They expect $1.87 earnings per share, up 1.63% or $0.03 from last year’s $1.84 per share. HAR’s profit will be $130.62 million for 14.64 P/E if the $1.87 EPS becomes a reality. After $1.87 actual earnings per share reported by Harman International Industries Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Harman International Industries, Incorporated is engaged in the developing, manufacturing and marketing of audio products and electronic systems. It offers infotainment systems for vehicle applications; automotive audio systems for vehicle applications; mid-to high-end loudspeaker and electronics for home, multimedia, and mobile applications; home audio and theater systems, and distributed systems for home applications, transducers and built-in speakers for notebook computers; audio systems for personal computers; and aftermarket mobile products. Harman International Industries, Incorporated is headquartered in Stamford, Connecticut.”
Edinburgh Partners Ltd holds 8.09% of its portfolio in Harman International Industries Inc for 742,455 shares. Sheffield Asset Management L.L.C. owns 288,300 shares or 6.16% of their US portfolio. Moreover, Lapides Asset Management Llc has 4.04% invested in the company for 304,200 shares. The Oklahoma-based Gibraltar Capital Management Inc. has invested 3.17% in the stock. Jolley Asset Management Llc, a North Carolina-based fund reported 52,227 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 insider sales for $1.62 million net activity.
Ratings analysis reveals 33% of Harman’s analysts are positive. Out of 15 Wall Street analysts rating Harman, 5 give it “Buy”, 1 “Sell” rating, while 9 recommend “Hold”. The lowest target is $84 while the high is $150. The stock’s average target of $106.92 is -2.37% below today’s ($109.52) share price. HAR was included in 32 notes of analysts from August 5, 2015. RBC Capital Markets maintained it with “Outperform” rating and $125 target price in Friday, October 30 report. The stock of Harman International Industries Inc (NYSE:HAR) earned “Sector Weight” rating by Pacific Crest on Friday, July 22. The stock of Harman International Industries Inc (NYSE:HAR) earned “Overweight” rating by Barclays Capital on Wednesday, August 5. FBR Capital maintained it with “Mkt Perform” rating and $90 target price in Friday, August 5 report. The stock has “Buy” rating given by Goldman Sachs on Thursday, March 31. The rating was downgraded by Deutsche Bank on Wednesday, November 16 to “Hold”. The stock of Harman International Industries Inc (NYSE:HAR) earned “Overweight” rating by Barclays Capital on Monday, January 25. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report. The rating was upgraded by Evercore to “Buy” on Monday, March 14. The firm has “Buy” rating by Deutsche Bank given on Wednesday, July 20.
Harman International Industries, Incorporated, incorporated on January 31, 1980, is engaged in the designing and engineering of connected products and solutions for automakers, clients and enterprises, including connected car systems, audio and visual products, enterprise automation solutions and connected services. The Company’s divisions include Connected Car, Lifestyle Audio, Professional Solutions, Connected Services and Other. The Company’s brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer. The Company’s software solutions power mobile devices and systems that are designed to be connected, integrated, personalized and adaptive across all platforms, from work and home, to car and mobile.
More recent Harman International Industries Inc (NYSE:HAR) news were published by: Wsj.com which released: “Samsung Charges Into Auto Tech With $8 Billion Deal for Harman” on November 14, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International …” on November 07, 2016. Prnewswire.com‘s news article titled: “HARMAN (HAR) ALET: Johnson & Weaver, LLP Launches an Investigation into the …” with publication date: November 14, 2016 was also an interesting one.
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By Ruchi Gupta