L3Harris Technologies Inc (NYSE:LHX) Plans Quarterly Dividend of $1.25

L3Harris Technologies Inc (NYSE:LHX) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, September 4th will be paid a dividend of 1.25 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th.

L3Harris Technologies has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 24 years. L3Harris Technologies has a payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Analysts expect L3Harris Technologies to earn $13.52 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.0%.

L3Harris Technologies Trading Up 5.1%

LHX opened at $299.83 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $299.43 and its two-hundred day moving average is $328.78. The company has a market capitalization of $55.86 billion, a P/E ratio of 32.56, a PEG ratio of 1.44 and a beta of 0.51. L3Harris Technologies has a 52 week low of $262.98 and a 52 week high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Analysts forecast that L3Harris Technologies will post 11.54 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares in the company, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On L3Harris Technologies

A number of institutional investors have recently modified their holdings of LHX. Artisan Partners Limited Partnership increased its holdings in L3Harris Technologies by 174.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock valued at $557,933,000 after buying an additional 1,207,334 shares in the last quarter. Two Sigma Investments LP boosted its position in L3Harris Technologies by 560.7% during the third quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after purchasing an additional 521,312 shares in the last quarter. Boston Partners grew its holdings in L3Harris Technologies by 27.6% in the fourth quarter. Boston Partners now owns 2,401,871 shares of the company’s stock valued at $709,396,000 after purchasing an additional 519,226 shares during the period. M&T Bank Corp increased its position in shares of L3Harris Technologies by 3,127.8% in the fourth quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock valued at $119,994,000 after buying an additional 396,077 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its stake in shares of L3Harris Technologies by 34,415.0% during the 1st quarter. Diamant Asset Management Inc. now owns 357,230 shares of the company’s stock worth $123,298,000 after buying an additional 356,195 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Company Profile

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.