Vise Technologies Inc. Has $1.69 Million Stock Position in L3Harris Technologies Inc $LHX

Vise Technologies Inc. lifted its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 63.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,816 shares of the company’s stock after acquiring an additional 2,254 shares during the quarter. Vise Technologies Inc.’s holdings in L3Harris Technologies were worth $1,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. E Fund Management Co. Ltd. raised its holdings in L3Harris Technologies by 15.7% during the 2nd quarter. E Fund Management Co. Ltd. now owns 773 shares of the company’s stock worth $225,000 after purchasing an additional 105 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its stake in shares of L3Harris Technologies by 8.5% in the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 34,621 shares of the company’s stock valued at $10,060,000 after purchasing an additional 2,714 shares during the last quarter. Tocqueville Asset Management L.P. grew its position in shares of L3Harris Technologies by 2.0% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 24,988 shares of the company’s stock worth $7,261,000 after buying an additional 490 shares during the period. West Family Investments Inc. bought a new stake in shares of L3Harris Technologies during the second quarter worth approximately $707,000. Finally, NewEdge Wealth LLC raised its stake in shares of L3Harris Technologies by 4.2% during the second quarter. NewEdge Wealth LLC now owns 11,056 shares of the company’s stock worth $3,213,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX opened at $267.03 on Friday. The firm has a market cap of $49.72 billion, a P/E ratio of 26.97, a PEG ratio of 1.17 and a beta of 0.51. L3Harris Technologies Inc has a twelve month low of $262.68 and a twelve month high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The firm’s 50 day moving average price is $289.65 and its two-hundred day moving average price is $320.67.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts forecast that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 50.51%.

Analysts Set New Price Targets

A number of research firms have commented on LHX. Susquehanna lowered their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research report on Tuesday. Sanford C. Bernstein reduced their price objective on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, BNP Paribas Exane decreased their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

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.