L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 816 shares of the company’s stock after selling 73 shares during the quarter. Whittier Trust Co.’s holdings in L3Harris Technologies were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State of Wyoming boosted its position in L3Harris Technologies by 27.1% during the 4th quarter. State of Wyoming now owns 230 shares of the company’s stock worth $48,000 after acquiring an additional 49 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 0.9% in the fourth quarter. Apollon Wealth Management LLC now owns 5,925 shares of the company’s stock valued at $1,234,000 after buying an additional 52 shares during the period. Advisory Services Network LLC lifted its holdings in shares of L3Harris Technologies by 0.9% in the first quarter. Advisory Services Network LLC now owns 6,236 shares of the company’s stock valued at $1,224,000 after buying an additional 54 shares during the period. Harbour Investments Inc. lifted its holdings in shares of L3Harris Technologies by 12.3% in the first quarter. Harbour Investments Inc. now owns 510 shares of the company’s stock valued at $100,000 after buying an additional 56 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $282,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Trading Down 0.0 %

Shares of NYSE LHX opened at $211.84 on Tuesday. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $218.34. The company has a market cap of $40.27 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.97 and a beta of 0.65. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $210.55 and a 200-day simple moving average of $195.38.

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

L3Harris Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.19%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Thursday, March 7th. L3Harris Technologies’s payout ratio is presently 72.05%.

Insider Activity at L3Harris Technologies

In related news, SVP Scott T. Mikuen sold 3,363 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $212.86, for a total transaction of $715,848.18. Following the transaction, the senior vice president now directly owns 55,254 shares of the company’s stock, valued at $11,761,366.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William H. Swanson bought 1,250 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $215.35 per share, with a total value of $269,187.50. Following the transaction, the director now directly owns 1,543 shares in the company, valued at approximately $332,285.05. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Scott T. Mikuen sold 3,363 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $212.86, for a total value of $715,848.18. Following the completion of the transaction, the senior vice president now directly owns 55,254 shares in the company, valued at $11,761,366.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,362 shares of company stock valued at $1,772,560. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

LHX has been the subject of several research analyst reports. UBS Group upped their price objective on L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. StockNews.com lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Truist Financial upped their price objective on L3Harris Technologies from $224.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Royal Bank of Canada upped their price objective on L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Raymond James upped their price objective on L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $229.00.

View Our Latest Stock Analysis on LHX

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.

See Also

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

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