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

L3Harris Technologies, Inc. (NYSE:LHX) VP Sean J. Stackley sold 3,354 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $218.00, for a total value of $731,172.00. Following the sale, the vice president now owns 17,540 shares of the company’s stock, valued at approximately $3,823,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $222.44 on Wednesday. The stock has a 50 day moving average of $216.28 and a 200 day moving average of $211.46. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $226.99. The firm has a market cap of $42.19 billion, a PE ratio of 36.11, a PEG ratio of 1.83 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.59.

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

L3Harris Technologies Announces Dividend

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

Institutional Investors Weigh In On L3Harris Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cross Staff Investments Inc raised its position in L3Harris Technologies by 12.4% during the fourth quarter. Cross Staff Investments Inc now owns 1,432 shares of the company’s stock valued at $302,000 after purchasing an additional 158 shares during the period. Boston Partners raised its position in L3Harris Technologies by 107.2% during the fourth quarter. Boston Partners now owns 813,558 shares of the company’s stock valued at $171,343,000 after purchasing an additional 420,943 shares during the period. Victory Capital Management Inc. raised its position in L3Harris Technologies by 40.0% during the fourth quarter. Victory Capital Management Inc. now owns 106,231 shares of the company’s stock valued at $22,374,000 after purchasing an additional 30,358 shares during the period. Stifel Financial Corp raised its position in L3Harris Technologies by 3.9% during the fourth quarter. Stifel Financial Corp now owns 175,895 shares of the company’s stock valued at $37,057,000 after purchasing an additional 6,675 shares during the period. Finally, Sapient Capital LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth approximately $1,198,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

L3Harris Technologies Company Profile

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.