L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 144.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 362 shares of the company’s stock after purchasing an additional 214 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $90,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of L3Harris Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 16,969,557 shares of the company’s stock worth $4,216,426,000 after purchasing an additional 186,824 shares during the last quarter. Capital World Investors boosted its holdings in shares of L3Harris Technologies by 1.0% during the first quarter. Capital World Investors now owns 15,022,227 shares of the company’s stock worth $3,732,645,000 after purchasing an additional 150,987 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of L3Harris Technologies by 1.4% during the first quarter. BlackRock Inc. now owns 12,454,934 shares of the company’s stock worth $3,094,678,000 after purchasing an additional 174,922 shares during the last quarter. State Street Corp boosted its holdings in shares of L3Harris Technologies by 8.1% during the first quarter. State Street Corp now owns 8,886,247 shares of the company’s stock worth $2,207,966,000 after purchasing an additional 668,800 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in L3Harris Technologies by 44.5% in the first quarter. Wellington Management Group LLP now owns 5,514,051 shares of the company’s stock valued at $1,370,076,000 after acquiring an additional 1,698,964 shares during the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.

L3Harris Technologies Trading Up 0.7 %

NYSE:LHX opened at $230.01 on Friday. The business’s 50-day moving average is $232.19 and its two-hundred day moving average is $240.13. 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, Inc. has a 12 month low of $200.71 and a 12 month high of $279.71. The firm has a market capitalization of $44.01 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 5.25 and a beta of 0.68.

L3Harris Technologies (NYSE:LHXGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.16 by $0.07. L3Harris Technologies had a return on equity of 13.09% and a net margin of 11.36%. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period last year, the company posted $3.26 earnings per share. The firm’s revenue was down 11.4% compared to the same quarter last year. Research analysts predict that L3Harris Technologies, Inc. will post 13.42 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 1st. L3Harris Technologies’s payout ratio is 46.14%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada began coverage on L3Harris Technologies in a report on Monday, August 29th. They issued an “outperform” rating and a $285.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $267.91.

Insider Transactions at L3Harris Technologies

In other news, VP James P. Girard sold 7,500 shares of L3Harris Technologies stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $240.00, for a total transaction of $1,800,000.00. Following the sale, the vice president now directly owns 10,811 shares of the company’s stock, valued at $2,594,640. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Scott T. Mikuen sold 8,518 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $237.95, for a total value of $2,026,858.10. Following the completion of the sale, the senior vice president now directly owns 44,735 shares of the company’s stock, valued at $10,644,693.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP James P. Girard sold 7,500 shares of the business’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $240.00, for a total value of $1,800,000.00. Following the completion of the sale, the vice president now directly owns 10,811 shares of the company’s stock, valued at $2,594,640. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,518 shares of company stock valued at $5,626,858. 1.00% of the stock is currently owned by insiders.

L3Harris Technologies Company Profile

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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.

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

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