L3Harris Technologies (NYSE:LHX) Insider Sells $2,047,128.96 in Stock

L3Harris Technologies Inc (NYSE:LHX) insider Samir Mehta sold 5,528 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the transaction, the insider owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This represents a 41.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Samir Mehta also recently made the following trade(s):

• On Thursday, February 5th, Samir Mehta sold 4,840 shares of L3Harris Technologies stock. The shares were sold at an average price of $338.85, for a total transaction of $1,640,034.00.

L3Harris Technologies Stock Up 0.2%

LHX opened at $368.63 on Thursday. The company has a market cap of $68.85 billion, a PE ratio of 43.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63. L3Harris Technologies Inc has a twelve month low of $195.72 and a twelve month high of $379.23. The company has a 50-day moving average price of $339.91 and a 200 day moving average price of $304.55. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.53.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $3.47 EPS. L3Harris Technologies’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, March 6th. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 56.27%.

Institutional Investors Weigh In On L3Harris Technologies

Large investors have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in shares of L3Harris Technologies in the 4th quarter valued at about $25,000. Fideuram Asset Management Ireland dac acquired a new stake in L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in L3Harris Technologies in the fourth quarter worth approximately $25,000. Caitlin John LLC purchased a new position in L3Harris Technologies in the third quarter worth approximately $28,000. Finally, JPL Wealth Management LLC acquired a new position in L3Harris Technologies during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Key Stories Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Management split and CFO appointment positions Missile Solutions for faster scale-up and an eventual IPO — Kenneth Sharp will become CFO while Ken Bedingfield will focus full‑time on leading Missile Solutions and ramping solid‑rocket motor production to meet urgent demand, a clear strategic prioritization that can re‑rate the segment and unlock value. L3Harris Appoints Ken Sharp…
• Positive Sentiment: Analyst upgrade and price‑target increases helped push LHX to a new 12‑month high, validating momentum and likely attracting short‑term buyers and momentum flows. L3Harris Sets New 12-Month High…
• Positive Sentiment: Citi reiterates a missile/armaments “megatrend” and flags L3Harris as a beneficiary, supporting a longer‑term demand thesis for missile systems and interceptors which underpins higher revenue and capex visibility. Missile ‘megatrend’ still underestimated…
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems to support SDA Tranche 3 spacecraft platforms — a contract/partnering win that supports the company’s space‑systems backlog and program diversity. Intuitive Machines Selected…
• Neutral Sentiment: Opinion coverage questions valuation after an ~81% one‑year run; useful for positioning but not new company‑specific fundamentals—signals some investors are debating whether upside is already priced in. Is It Too Late To Consider L3Harris…
• Negative Sentiment: Insider selling: multiple disclosed sales (Samir Mehta and Jon Rambeau each sold 5,528 shares; VP Melanie Rakita sold multiple tranches totaling ~3,129 shares). Large insider exits can weigh on sentiment even if sales are for personal/liquidity reasons. Insider Jon Rambeau Sells…
• Negative Sentiment: Additional filings detail Melanie Rakita’s earlier sale and larger reduction in her stake — repeated insider reductions may increase short‑term selling pressure or caution among some investors. Melanie Rakita Sells 751 Shares…

Analysts Set New Price Targets

LHX has been the subject of several research reports. Wall Street Zen cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a report on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Weiss Ratings raised shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Morgan Stanley increased their price target on shares of L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.57.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.