2 weeks Ago By ABMN Staff
Systematic Financial Management LP reduced its position in L3Harris Technologies, Inc. ( NYSE:LHX – Free Report ) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 21,130 shares of the company’s stock after selling 170 shares during the period. Systematic Financial Management LP’s holdings in L3Harris Technologies were worth $4,745,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also modified their holdings of the company.
Vanguard Group Inc. lifted its stake in shares of L3Harris Technologies by 12.9% in the 1st quarter.
Vanguard Group Inc. now owns 22,792,779 shares of the company’s stock valued at $4,857,141,000 after purchasing an additional 2,606,267 shares in the last quarter. Capital World Investors lifted its position in L3Harris Technologies by 26.
0% during the 4th quarter. Capital World Investors now owns 16,056,272 shares of the company’s stock worth $3,381,784,000 after acquiring an additional 3,308,506 shares in the last quarter. Price T Rowe Associates Inc.
MD lifted its position in L3Harris Technologies by 0.5% during the 1st quarter. Price T Rowe Associates Inc.
MD now owns 9,631,207 shares of the company’s stock worth $2,052,411,000 after acquiring an additional 45,845 shares in the last quarter. Wellington Management Group LLP lifted its position in L3Harris Technologies by 34.7% during the 4th quarter.
Wellington Management Group LLP now owns 4,416,904 shares of the company’s stock worth $930,288,000 after acquiring an additional 1,138,549 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in L3Harris Technologies by 19.7% during the 2nd quarter.
Bank of New York Mellon Corp now owns 3,174,181 shares of the company’s stock worth $712,858,000 after acquiring an additional 523,315 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets LHX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered L3Harris Technologies from a “buy” rating to a “hold” rating and boosted their price target for the stock from $245.00 to $257.
00 in a research report on Friday, July 26th. Royal Bank of Canada downgraded L3Harris Technologies from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $250.00 to $240.
00 in a report on Wednesday, August 14th. Wells Fargo & Company dropped their price objective on L3Harris Technologies from $262.00 to $260.
00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Susquehanna boosted their price target on L3Harris Technologies from $260.00 to $270.
00 and gave the company a “positive” rating in a report on Monday, July 29th. Finally, Barclays boosted their price target on L3Harris Technologies from $245.00 to $265.
00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $247.
08. Insider Transactions at L3Harris Technologies In other news, SVP Scott T. Mikuen sold 15,887 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 47,616 shares of the company’s stock, valued at $11,189,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In related news, SVP Scott T.
Mikuen sold 10,527 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $230.00, for a total transaction of $2,421,210.
00. Following the transaction, the senior vice president now directly owns 47,616 shares of the company’s stock, valued at $10,951,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
Also, SVP Scott T. Mikuen sold 15,887 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $235.
00, for a total value of $3,733,445.00. Following the transaction, the senior vice president now directly owns 47,616 shares in the company, valued at $11,189,760.
The disclosure for this sale can be found here . Insiders have sold 29,402 shares of company stock valued at $6,861,855 over the last three months. Company insiders own 0.
82% of the company’s stock. L3Harris Technologies Trading Up 1.5 % Shares of LHX stock opened at $234.
99 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.
74 and a current ratio of 0.90. The firm has a market capitalization of $44.
57 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.
73. The stock has a fifty day moving average of $231.09 and a two-hundred day moving average of $222.
58. L3Harris Technologies, Inc. has a 1 year low of $160.
25 and a 1 year high of $245.60. L3Harris Technologies ( NYSE:LHX – Get Free Report ) last announced its quarterly earnings data on Thursday, July 25th.
The company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.
06. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.
30 billion. L3Harris Technologies had a return on equity of 13.02% and a net margin of 5.
73%. The company’s revenue was up 12.9% on a year-over-year basis.
During the same quarter in the prior year, the firm posted $2.97 earnings per share. As a group, research analysts expect that L3Harris Technologies, Inc.
will post 13.06 EPS for the current year. L3Harris Technologies Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, September 20th.
Stockholders of record on Friday, September 6th were given a dividend of $1.16 per share. This represents a $4.
64 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, September 6th.
L3Harris Technologies’s dividend payout ratio (DPR) is presently 75.32%. L3Harris Technologies Profile ( 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. Read More 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 .
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