Wealthsource Partners LLC Sells 224 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Wealthsource Partners LLC trimmed its position in L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 2,761 shares of the company’s stock after selling 224 shares during the quarter. Wealthsource Partners LLC’s holdings in L3Harris Technologies were worth $581,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State of Wyoming boosted its holdings in L3Harris Technologies by 27.1% in the 4th quarter. State of Wyoming now owns 230 shares of the company’s stock valued at $48,000 after purchasing an additional 49 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 0.9% during the 4th quarter. Apollon Wealth Management LLC now owns 5,925 shares of the company’s stock worth $1,234,000 after acquiring an additional 52 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of L3Harris Technologies by 0.9% during the 1st quarter. Advisory Services Network LLC now owns 6,236 shares of the company’s stock worth $1,224,000 after acquiring an additional 54 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of L3Harris Technologies by 12.3% during the 1st quarter. Harbour Investments Inc. now owns 510 shares of the company’s stock worth $100,000 after acquiring an additional 56 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 3.8% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,622 shares of the company’s stock worth $282,000 after acquiring an additional 59 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Insider Transactions at L3Harris Technologies

In related news, SVP Scott T. Mikuen sold 1,292 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $211.14, for a total transaction of $272,792.88. Following the transaction, the senior vice president now owns 58,617 shares in the company, valued at $12,376,393.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Scott T. Mikuen sold 1,292 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $211.14, for a total transaction of $272,792.88. Following the transaction, the senior vice president now owns 58,617 shares in the company, valued at $12,376,393.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total transaction of $783,919.29. Following the transaction, the insider now owns 28,644 shares in the company, valued at approximately $6,057,346.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,362 shares of company stock worth $1,772,560. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LHX. JPMorgan Chase & Co. raised shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective for the company in a report on Thursday, January 11th. Wells Fargo & Company lowered their price target on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Royal Bank of Canada boosted their price target on shares of L3Harris Technologies from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Raymond James boosted their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $240.00 in a research note on Friday, December 15th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.00.

View Our Latest Research Report on L3Harris Technologies

L3Harris Technologies Price Performance

Shares of LHX opened at $211.94 on Monday. The stock has a market cap of $40.29 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 1.01. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $218.34. The firm’s 50-day simple moving average is $210.55 and its two-hundred day simple moving average is $195.38.

L3Harris Technologies (NYSE:LHXGet Free Report) last issued its earnings results on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.28 billion. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.27 earnings per share. Analysts anticipate that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.14. L3Harris Technologies’s dividend payout ratio is currently 72.05%.

About L3Harris Technologies

(Free Report)

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

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

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