L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in L3Harris Technologies, Inc. (NYSE:LHX) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,485 shares of the company’s stock after selling 562 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in L3Harris Technologies were worth $5,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LHX. Cowa LLC acquired a new stake in shares of L3Harris Technologies in the first quarter valued at approximately $26,000. Mascoma Wealth Management LLC acquired a new stake in shares of L3Harris Technologies in the third quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of L3Harris Technologies in the first quarter valued at approximately $27,000. KB Financial Partners LLC increased its stake in shares of L3Harris Technologies by 96.5% during the third quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock valued at $29,000 after acquiring an additional 82 shares during the period. Finally, First Capital Advisors Group LLC. acquired a new position in shares of L3Harris Technologies during the second quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LHX. Citigroup raised their price objective on shares of L3Harris Technologies from $238.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective on the stock in a research note on Thursday, January 11th. StockNews.com lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Wells Fargo & Company lowered their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada raised their price objective on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

Insider Buying and Selling

In related news, SVP Scott T. Mikuen sold 1,292 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $211.14, for a total value of $272,792.88. Following the completion of the transaction, the senior vice president now owns 58,617 shares of the company’s stock, valued at approximately $12,376,393.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Scott T. Mikuen sold 1,292 shares of L3Harris Technologies stock in a transaction 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 sale, the senior vice president now directly owns 58,617 shares of the company’s stock, valued at approximately $12,376,393.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,362 shares of company stock valued at $10,261,360. Company insiders own 0.82% of the company’s stock.

L3Harris Technologies Trading Up 0.1 %

L3Harris Technologies stock opened at $202.62 on Monday. The company has a 50 day moving average price of $210.92 and a 200 day moving average price of $199.17. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 1.01. The firm has a market capitalization of $38.52 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 1.88 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Friday, January 26th. The company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business posted $3.27 EPS. The company’s revenue was up 16.6% on a year-over-year basis. Research analysts forecast that L3Harris Technologies, Inc. will post 12.73 EPS for the current year.

L3Harris Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $1.16 dividend. 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. This represents a $4.64 dividend on an annualized basis and a yield of 2.29%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 72.05%.

L3Harris Technologies Profile

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.