L3Harris Technologies Inc $LHX Holdings Boosted by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in L3Harris Technologies Inc (NYSE:LHX) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,641 shares of the company’s stock after acquiring an additional 8,151 shares during the period. Vontobel Holding Ltd.’s holdings in L3Harris Technologies were worth $8,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. purchased a new stake in shares of L3Harris Technologies in the second quarter valued at about $1,397,000. Swiss National Bank increased its stake in shares of L3Harris Technologies by 7.1% during the first quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after acquiring an additional 36,320 shares during the period. Bank of America Corp DE increased its stake in shares of L3Harris Technologies by 22.3% during the first quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock worth $661,905,000 after acquiring an additional 350,313 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of L3Harris Technologies by 29.4% during the second quarter. Concurrent Investment Advisors LLC now owns 53,138 shares of the company’s stock worth $15,441,000 after acquiring an additional 12,059 shares during the period. Finally, Community Trust & Investment Co. raised its holdings in L3Harris Technologies by 8.2% during the third quarter. Community Trust & Investment Co. now owns 63,777 shares of the company’s stock worth $15,101,000 after purchasing an additional 4,828 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

Shares of LHX opened at $248.35 on Friday. The company has a 50-day simple moving average of $254.25 and a 200-day simple moving average of $290.64. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $46.24 billion, a PE ratio of 25.09, a P/E/G ratio of 1.59 and a beta of 0.50. L3Harris Technologies Inc has a 52-week low of $232.34 and a 52-week high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts predict that L3Harris Technologies Inc will post 11.89 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

LHX has been the subject of a number of recent analyst reports. Guggenheim initiated coverage on shares of L3Harris Technologies in a research report on Monday, September 14th. They issued a “buy” rating and a $365.00 price objective for the company. Weiss Ratings cut L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. Sanford C. Bernstein cut their target price on L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group cut their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $341.71.

L3Harris Technologies Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.