L3Harris Technologies, Inc. (NYSE:LHX) VP Sean J. Stackley Sells 3,354 Shares of Stock

L3Harris Technologies, Inc. (NYSE:LHX) VP Sean J. Stackley sold 3,354 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $216.73, for a total value of $726,912.42. Following the completion of the sale, the vice president now owns 14,186 shares in the company, valued at approximately $3,074,531.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

L3Harris Technologies Price Performance

NYSE:LHX opened at $222.44 on Wednesday. L3Harris Technologies, Inc. has a one year low of $160.25 and a one year high of $226.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 0.98. The stock has a market cap of $42.19 billion, a PE ratio of 36.11, a P/E/G ratio of 1.83 and a beta of 0.71. The stock has a 50 day moving average price of $216.28 and a 200 day moving average price of $211.46.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, April 25th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.17. The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.86 earnings per share. Equities research analysts expect that L3Harris Technologies, Inc. will post 12.89 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a dividend of $1.16 per share. The ex-dividend date was Tuesday, June 4th. This represents a $4.64 annualized dividend and a yield of 2.09%. L3Harris Technologies’s dividend payout ratio (DPR) is 75.32%.

Institutional Investors Weigh In On L3Harris Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bfsg LLC acquired a new stake in shares of L3Harris Technologies in the first quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at $28,000. KB Financial Partners LLC grew its stake in shares of L3Harris Technologies by 96.5% in the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock valued at $29,000 after buying an additional 82 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of L3Harris Technologies by 70.4% in the first quarter. EntryPoint Capital LLC now owns 167 shares of the company’s stock valued at $36,000 after buying an additional 69 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of L3Harris Technologies by 178.7% in the fourth quarter. Blue Trust Inc. now owns 170 shares of the company’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on L3Harris Technologies from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price target on the stock in a research report on Monday, April 22nd. Barclays increased their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada increased their price target on L3Harris Technologies from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company increased their price target on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.80.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.