1,910 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC purchased a new position in shares of L3Harris Technologies, Inc. (NYSE:LHX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,910 shares of the company’s stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also modified their holdings of LHX. Acadian Asset Management LLC boosted its stake in shares of L3Harris Technologies by 283.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,103 shares of the company’s stock worth $272,000 after acquiring an additional 815 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of L3Harris Technologies during the 1st quarter valued at $8,013,000. Sei Investments Co. lifted its stake in shares of L3Harris Technologies by 14.2% during the 1st quarter. Sei Investments Co. now owns 62,374 shares of the company’s stock valued at $15,643,000 after buying an additional 7,773 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of L3Harris Technologies by 18.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,372 shares of the company’s stock valued at $838,000 after buying an additional 537 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in shares of L3Harris Technologies by 16.7% during the 1st quarter. Brighton Jones LLC now owns 1,230 shares of the company’s stock valued at $306,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher E. Kubasik sold 40,000 shares of L3Harris Technologies stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the completion of the transaction, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at approximately $24,654,658.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director William H. Swanson acquired 1,250 shares of the stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now directly owns 1,543 shares in the company, valued at $332,285.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher E. Kubasik sold 40,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the completion of the sale, the chief executive officer now directly owns 116,175 shares of the company’s stock, valued at $24,654,658.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,362 shares of company stock valued at $10,261,360. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. StockNews.com downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. UBS Group lifted their price target on shares of L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Citigroup lifted their price target on shares of L3Harris Technologies from $238.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Raymond James lifted their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $229.00.

L3Harris Technologies Stock Performance

L3Harris Technologies stock opened at $205.45 on Friday. The company’s 50-day moving average price is $210.30 and its 200-day moving average price is $199.84. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $218.34. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market cap of $39.06 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.88 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Friday, January 26th. The company reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the firm posted $3.27 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.26%. L3Harris Technologies’s dividend payout ratio is presently 72.05%.

L3Harris Technologies 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.