9258 Wealth Management LLC Buys 727 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

9258 Wealth Management LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 20.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,371 shares of the company’s stock after acquiring an additional 727 shares during the quarter. 9258 Wealth Management LLC’s holdings in L3Harris Technologies were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. KB Financial Partners LLC lifted its holdings in shares of L3Harris Technologies by 96.5% in the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after buying an additional 82 shares during the period. Blue Trust Inc. lifted its stake in shares of L3Harris Technologies by 178.7% during the 4th quarter. Blue Trust Inc. now owns 170 shares of the company’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of L3Harris Technologies by 80.6% during the 4th quarter. Washington Trust Advisors Inc. now owns 177 shares of the company’s stock worth $37,000 after purchasing an additional 79 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in L3Harris Technologies in the fourth quarter valued at about $46,000. Finally, Valley National Advisers Inc. raised its stake in L3Harris Technologies by 34.4% in the fourth quarter. Valley National Advisers Inc. now owns 242 shares of the company’s stock valued at $50,000 after buying an additional 62 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $225.11, for a total value of $5,627,750.00. Following the transaction, the chief executive officer now owns 120,326 shares in the company, valued at $27,086,585.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Christopher E. Kubasik sold 25,000 shares of L3Harris Technologies stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $225.11, for a total transaction of $5,627,750.00. Following the transaction, the chief executive officer now owns 120,326 shares in the company, valued at $27,086,585.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Swanson acquired 1,250 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the transaction, the director now owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The disclosure for this purchase can be found here. Insiders have sold a total of 69,655 shares of company stock worth $15,105,191 over the last quarter. 0.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Barclays increased their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada increased their price objective on L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Alembic Global Advisors raised L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company increased their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.80.

Read Our Latest Stock Report on L3Harris Technologies

L3Harris Technologies Stock Up 2.6 %

Shares of LHX opened at $224.83 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.59. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $225.90. The stock’s 50 day moving average is $213.30 and its two-hundred day moving average is $208.66. The firm has a market cap of $42.65 billion, a P/E ratio of 36.50, a PEG ratio of 1.89 and a beta of 0.63.

L3Harris Technologies (NYSE:LHXGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.89 by $0.17. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. L3Harris Technologies had a return on equity of 12.82% and a net margin of 5.82%. L3Harris Technologies’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $2.86 earnings per share. Analysts predict that L3Harris Technologies, Inc. will post 12.89 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $1.16 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $4.64 annualized dividend and a dividend yield of 2.06%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 75.32%.

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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