First Merchants Corp Sells 2,434 Shares of L3Harris Technologies Inc $LHX

First Merchants Corp decreased its stake in L3Harris Technologies Inc (NYSE:LHX) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,915 shares of the company’s stock after selling 2,434 shares during the period. First Merchants Corp’s holdings in L3Harris Technologies were worth $6,388,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 233.9% in 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 period. Amundi increased its position in L3Harris Technologies by 33.9% in the first quarter. Amundi now owns 104,530 shares of the company’s stock worth $21,945,000 after buying an additional 26,453 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in L3Harris Technologies by 3.6% in the first quarter. Integrated Wealth Concepts LLC now owns 4,750 shares of the company’s stock worth $994,000 after buying an additional 164 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of L3Harris Technologies by 2.5% in the first quarter. UniSuper Management Pty Ltd now owns 16,307 shares of the company’s stock valued at $3,413,000 after buying an additional 400 shares during the period. Finally, Caxton Associates LLP purchased a new position in shares of L3Harris Technologies during the 1st quarter valued at $926,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX opened at $314.74 on Wednesday. The company’s 50 day simple moving average is $288.28 and its two-hundred day simple moving average is $280.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95. L3Harris Technologies Inc has a 1 year low of $193.09 and a 1 year high of $316.86. The stock has a market capitalization of $58.87 billion, a PE ratio of 33.81, a P/E/G ratio of 1.95 and a beta of 0.66.

L3Harris Technologies (NYSE:LHX) last released its quarterly 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 net margin of 8.09% and a return on equity of 11.08%. The firm had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.51 billion. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 17th were issued a $1.20 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 51.56%.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 14,171 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the completion of the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LHX. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Citigroup began coverage on shares of L3Harris Technologies in a research report on Thursday, December 11th. They issued a “buy” rating and a $331.00 price target on the stock. Wall Street Zen raised shares of L3Harris Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, BNP Paribas Exane started coverage on shares of L3Harris Technologies in a report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $299.93.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris agreed to sell a majority (~60%) stake in its Space Propulsion & Power Systems (Rocketdyne) business for $845M, while retaining a ~40% interest — the deal monetizes lower‑margin civil space assets, provides near‑term cash to invest or return to shareholders, and keeps upside exposure through the retained stake. L3Harris to Sell Majority Stake
• Positive Sentiment: The company announced a reorganization from four to three segments (Space & Mission Systems; Communications & Spectrum Dominance; Missile Solutions) and leadership assignments aimed at aligning the portfolio with future warfare needs and extracting cost/efficiency gains — a clearer structure supports margin improvement and execution. Reorganization Announcement
• Positive Sentiment: Geopolitical developments and defense spending dynamics are a tailwind for propulsion and missile suppliers; analysts and sector pieces highlight heightened demand for propulsion systems and missiles, which supports L3Harris’s strategic decision to redeploy capital toward national security offerings. Defense Sector Tailwinds
• Neutral Sentiment: The transaction is expected to close in H2 2026 and remains subject to regulatory approvals and customary conditions, so timing and final proceeds are not immediate and carry execution risk. Reuters Coverage
• Negative Sentiment: Risks: selling a controlling stake reduces L3Harris’s direct revenues and operational control over the propulsion unit (RS‑25 engines are excluded), potential regulatory/closing hurdles remain, and industry supply‑chain constraints (energetics, materials) could limit near‑term delivery and margin gains. DefenseDaily Analysis

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.