NewEdge Wealth LLC Increases Stock Holdings in L3Harris Technologies Inc $LHX

NewEdge Wealth LLC increased its holdings in L3Harris Technologies Inc (NYSE:LHX) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,805 shares of the company’s stock after purchasing an additional 2,280 shares during the period. NewEdge Wealth LLC’s holdings in L3Harris Technologies were worth $3,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ethic Inc. grew its position in shares of L3Harris Technologies by 10.9% in the fourth quarter. Ethic Inc. now owns 17,770 shares of the company’s stock valued at $5,217,000 after purchasing an additional 1,753 shares during the period. Ballentine Partners LLC grew its position in shares of L3Harris Technologies by 6.3% in the fourth quarter. Ballentine Partners LLC now owns 3,826 shares of the company’s stock valued at $1,123,000 after purchasing an additional 227 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of L3Harris Technologies by 2.8% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 1,308 shares of the company’s stock valued at $384,000 after purchasing an additional 36 shares during the period. International Assets Investment Management LLC grew its position in shares of L3Harris Technologies by 85.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock valued at $497,000 after purchasing an additional 779 shares during the period. Finally, Diversify Wealth Management LLC grew its position in shares of L3Harris Technologies by 9.5% in the fourth quarter. Diversify Wealth Management LLC now owns 1,253 shares of the company’s stock valued at $368,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LHX shares. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Morgan Stanley lifted their target price on L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reduced their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Samir Mehta sold 5,528 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total value of $811,968.10. Following the transaction, the vice president owned 4,882 shares in the company, valued at approximately $1,666,958.90. This represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,365 shares of company stock worth $5,861,117 over the last quarter. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $302.46 on Tuesday. The company’s fifty day simple moving average is $347.15 and its 200-day simple moving average is $324.20. L3Harris Technologies Inc has a 52 week low of $214.10 and a 52 week high of $379.23. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market cap of $56.34 billion, a PE ratio of 32.84, a P/E/G ratio of 1.51 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities research analysts anticipate that L3Harris Technologies Inc will post 11.56 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is currently 54.29%.

L3Harris Technologies 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.