1 week Ago By ABMN Staff
L3Harris Technologies ( NYSE:LHX – Free Report ) had its target price decreased by Deutsche Bank Aktiengesellschaft from $250.00 to $229.00 in a research note issued to investors on Thursday, Benzinga reports.
Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Several other research analysts have also recently commented on the stock. Wolfe Research upgraded shares of L3Harris Technologies from a “peer perform” rating to an “outperform” rating and set a $300.
00 target price for the company in a report on Thursday, October 10th. Wells Fargo & Company decreased their target price on L3Harris Technologies from $295.00 to $287.
00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. StockNews.com upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th.
Royal Bank of Canada upped their target price on L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a research report on Monday, October 28th.
Finally, Citigroup raised their price objective on shares of L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, October 10th.
Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $267.
73. Check Out Our Latest Analysis on LHX L3Harris Technologies Trading Down 1.4 % L3Harris Technologies ( NYSE:LHX – Get Free Report ) last released its earnings results on Thursday, October 24th.
The company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.
07. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.
28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.
71%. L3Harris Technologies’s revenue was up 7.7% compared to the same quarter last year.
During the same period in the previous year, the company earned $3.19 earnings per share. Equities analysts predict that L3Harris Technologies will post 13.
09 earnings per share for the current year. L3Harris Technologies Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were issued a dividend of $1.
16 per share. The ex-dividend date was Monday, November 18th. This represents a $4.
64 dividend on an annualized basis and a dividend yield of 2.24%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 73.
30%. Insider Activity In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $247.
93, for a total value of $740,814.84. Following the completion of the transaction, the insider now owns 10,340 shares of the company’s stock, valued at $2,563,596.
20. This represents a 22.42 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is available at this link . Over the last three months, insiders sold 7,889 shares of company stock valued at $1,800,572. 0.
82% of the stock is owned by company insiders. Institutional Trading of L3Harris Technologies Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co.
raised its stake in shares of L3Harris Technologies by 29.9% in the 3rd quarter. JPMorgan Chase & Co.
now owns 774,560 shares of the company’s stock valued at $184,245,000 after buying an additional 178,407 shares in the last quarter. Independent Solutions Wealth Management LLC bought a new stake in L3Harris Technologies during the third quarter worth about $250,000. Principal Financial Group Inc.
increased its holdings in shares of L3Harris Technologies by 2.0% during the third quarter. Principal Financial Group Inc.
now owns 220,269 shares of the company’s stock worth $52,395,000 after buying an additional 4,321 shares in the last quarter. Copley Financial Group Inc. bought a new position in shares of L3Harris Technologies in the third quarter valued at approximately $449,000.
Finally, Franklin Resources Inc. boosted its stake in L3Harris Technologies by 0.6% in the third quarter.
Franklin Resources Inc. now owns 218,228 shares of the company’s stock worth $54,171,000 after purchasing an additional 1,221 shares in the last quarter. 84.
76% of the stock is currently owned by institutional investors. About L3Harris Technologies ( Get Free Report ) 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.
Recommended Stories Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter ..
