Capital Group Private Client Services Inc. Buys 890 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Capital Group Private Client Services Inc. raised its stake in L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,548 shares of the company’s stock after buying an additional 890 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in L3Harris Technologies were worth $4,857,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cowa LLC acquired a new stake in shares of L3Harris Technologies in the first quarter valued at approximately $26,000. Wagner Wealth Management LLC raised its holdings in shares of L3Harris Technologies by 296.9% in the fourth quarter. Wagner Wealth Management LLC now owns 127 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of L3Harris Technologies in the first quarter valued at approximately $35,000. Selective Wealth Management Inc. raised its holdings in shares of L3Harris Technologies by 317.1% in the first quarter. Selective Wealth Management Inc. now owns 171 shares of the company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Finally, TFO TDC LLC acquired a new stake in shares of L3Harris Technologies in the first quarter valued at approximately $48,000. Institutional investors own 83.00% of the company’s stock.

Insider Activity

In related news, VP James P. Girard sold 7,500 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $240.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the vice president now owns 10,811 shares of the company’s stock, valued at $2,594,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP James P. Girard sold 7,500 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $240.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the vice president now owns 10,811 shares of the company’s stock, valued at $2,594,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott T. Mikuen sold 8,518 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $237.95, for a total transaction of $2,026,858.10. Following the sale, the senior vice president now directly owns 44,735 shares of the company’s stock, valued at approximately $10,644,693.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,518 shares of company stock valued at $5,626,858. 1.00% of the stock is owned by company insiders.

L3Harris Technologies Price Performance

NYSE:LHX opened at $236.14 on Monday. L3Harris Technologies, Inc. has a one year low of $200.71 and a one year high of $279.71. The company has a market cap of $45.19 billion, a P/E ratio of 24.32, a P/E/G ratio of 5.30 and a beta of 0.68. The firm’s fifty day moving average price is $232.76 and its two-hundred day moving average price is $240.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.01.

L3Harris Technologies (NYSE:LHXGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.07. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.23 billion. L3Harris Technologies had a net margin of 11.36% and a return on equity of 13.09%. L3Harris Technologies’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.26 earnings per share. Equities analysts expect that L3Harris Technologies, Inc. will post 13.42 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be given a $1.12 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.90%. L3Harris Technologies’s payout ratio is presently 46.14%.

Analyst Ratings Changes

Separately, Royal Bank of Canada assumed coverage on shares of L3Harris Technologies in a report on Monday, August 29th. They set an “outperform” rating and a $285.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.91.

L3Harris Technologies Company Profile

(Get Rating)

L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

See Also

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. (NYSE:LHXGet Rating).

Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.