L3Harris Technologies, Inc. (NYSE:LHX) Stock Holdings Increased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 1.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,600 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Blair William & Co. IL’s holdings in L3Harris Technologies were worth $6,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LHX. RFG Advisory LLC increased its position in L3Harris Technologies by 3.1% during the second quarter. RFG Advisory LLC now owns 1,416 shares of the company’s stock worth $318,000 after buying an additional 43 shares during the last quarter. Optas LLC increased its holdings in shares of L3Harris Technologies by 3.3% during the 2nd quarter. Optas LLC now owns 1,381 shares of the company’s stock valued at $310,000 after acquiring an additional 44 shares during the last quarter. Founders Financial Securities LLC raised its stake in shares of L3Harris Technologies by 2.8% in the 2nd quarter. Founders Financial Securities LLC now owns 1,774 shares of the company’s stock valued at $398,000 after acquiring an additional 48 shares in the last quarter. Whitener Capital Management Inc. lifted its holdings in L3Harris Technologies by 3.0% in the 2nd quarter. Whitener Capital Management Inc. now owns 1,715 shares of the company’s stock worth $385,000 after purchasing an additional 50 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. grew its holdings in L3Harris Technologies by 0.6% during the second quarter. Newman Dignan & Sheerar Inc. now owns 8,888 shares of the company’s stock valued at $1,996,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity

In related news, SVP Scott T. Mikuen sold 15,887 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the completion of the transaction, the senior vice president now owns 47,616 shares in the company, valued at approximately $11,189,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $236.68, for a total transaction of $707,199.84. Following the sale, the insider now directly owns 16,316 shares of the company’s stock, valued at $3,861,670.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott T. Mikuen sold 15,887 shares of L3Harris Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the completion of the transaction, the senior vice president now owns 47,616 shares of the company’s stock, valued at approximately $11,189,760. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,402 shares of company stock worth $6,861,855. Company insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

LHX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $245.00 to $257.00 in a research note on Friday, July 26th. Susquehanna upped their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the company a “positive” rating in a report on Monday, July 29th. Morgan Stanley lowered L3Harris Technologies from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $275.00 to $257.00 in a research note on Friday, August 9th. Royal Bank of Canada downgraded L3Harris Technologies from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $250.00 to $240.00 in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their price target on L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.08.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $233.21 on Friday. The firm has a market capitalization of $44.24 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 1.95 and a beta of 0.73. L3Harris Technologies, Inc. has a one year low of $160.25 and a one year high of $245.60. The business has a fifty day simple moving average of $231.36 and a 200 day simple moving average of $221.77. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.56.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.06. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The company had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the prior year, the company posted $2.97 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Sell-side analysts expect that L3Harris Technologies, Inc. will post 13.06 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, September 6th. L3Harris Technologies’s payout ratio is 75.32%.

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.