L3Harris Technologies Inc $LHX Shares Purchased by Boston Partners

Boston Partners increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 72.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,002,211 shares of the company’s stock after purchasing an additional 838,546 shares during the quarter. Boston Partners owned 1.07% of L3Harris Technologies worth $504,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of L3Harris Technologies by 233.9% during the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock worth $901,000 after purchasing an additional 3,001 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in L3Harris Technologies by 7.9% in the first quarter. Avantax Advisory Services Inc. now owns 19,456 shares of the company’s stock valued at $4,072,000 after buying an additional 1,419 shares in the last quarter. Cetera Investment Advisers lifted its holdings in L3Harris Technologies by 35.2% during the 1st quarter. Cetera Investment Advisers now owns 89,204 shares of the company’s stock worth $18,671,000 after buying an additional 23,231 shares during the last quarter. Assetmark Inc. boosted its position in shares of L3Harris Technologies by 22.9% during the 1st quarter. Assetmark Inc. now owns 22,831 shares of the company’s stock worth $4,779,000 after acquiring an additional 4,259 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of L3Harris Technologies by 38.3% in the 1st quarter. HB Wealth Management LLC now owns 9,928 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,748 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the sale, the chief executive officer directly owned 144,426 shares in the company, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

L3Harris Technologies Stock Up 0.4%

LHX stock opened at $276.36 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. The company’s 50 day simple moving average is $290.72 and its 200-day simple moving average is $270.27. L3Harris Technologies Inc has a 12 month low of $193.09 and a 12 month high of $308.12. The firm has a market capitalization of $51.69 billion, a PE ratio of 30.88, a P/E/G ratio of 2.09 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.10. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the business posted $3.34 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 17th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 51.56%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday, October 8th. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a research report on Friday, October 31st. UBS Group upped their target price on shares of L3Harris Technologies from $318.00 to $323.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Truist Financial lifted their price target on shares of L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Barclays boosted their price target on shares of L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.00.

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.