ORG Partners LLC Purchases 106 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

ORG Partners LLC increased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 22.0% in the 4th quarter, HoldingsChannel reports. The firm owned 587 shares of the company’s stock after acquiring an additional 106 shares during the quarter. ORG Partners LLC’s holdings in L3Harris Technologies were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LHX. Acadian Asset Management LLC lifted its holdings in shares of L3Harris Technologies by 283.0% in the first quarter. Acadian Asset Management LLC now owns 1,103 shares of the company’s stock worth $272,000 after acquiring an additional 815 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of L3Harris Technologies in the first quarter worth about $8,013,000. Sei Investments Co. lifted its holdings in shares of L3Harris Technologies by 14.2% in the first quarter. Sei Investments Co. now owns 62,374 shares of the company’s stock worth $15,643,000 after acquiring an additional 7,773 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of L3Harris Technologies by 18.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,372 shares of the company’s stock worth $838,000 after acquiring an additional 537 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of L3Harris Technologies by 16.7% in the first quarter. Brighton Jones LLC now owns 1,230 shares of the company’s stock worth $306,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $202.62 on Monday. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34. The firm has a 50 day moving average of $210.92 and a 200-day moving average of $199.17. 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 company has a market cap of $38.52 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.88 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the business earned $3.27 EPS. L3Harris Technologies’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $1.16 dividend. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 7th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 72.05%.

Insider Buying and Selling

In related news, SVP Scott T. Mikuen sold 1,292 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $211.14, for a total value of $272,792.88. Following the transaction, the senior vice president now directly owns 58,617 shares in the company, valued at approximately $12,376,393.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director William H. Swanson acquired 1,250 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $215.35 per share, for a total transaction of $269,187.50. Following the purchase, the director now owns 1,543 shares in the company, valued at $332,285.05. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott T. Mikuen sold 1,292 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 58,617 shares in the company, valued at $12,376,393.38. The disclosure for this sale can be found here. Insiders have sold a total of 48,362 shares of company stock worth $10,261,360 in the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LHX. UBS Group increased their target price on shares of L3Harris Technologies from $222.00 to $229.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. StockNews.com lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 29th. 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 report on Monday, January 29th. 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 report on Tuesday, February 13th. Finally, TheStreet upgraded shares of L3Harris Technologies from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

L3Harris Technologies Company 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.