4,102 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Acquired by Chapman Financial Group LLC

Chapman Financial Group LLC purchased a new position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,102 shares of the company's stock, valued at approximately $863,000.

A number of other hedge funds have also recently made changes to their positions in LHX. Franklin Resources Inc. raised its stake in shares of L3Harris Technologies by 0.6% during the 3rd quarter. Franklin Resources Inc. now owns 218,228 shares of the company's stock worth $54,171,000 after acquiring an additional 1,221 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of L3Harris Technologies by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 220,269 shares of the company's stock valued at $52,395,000 after purchasing an additional 4,321 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of L3Harris Technologies by 133.7% in the 4th quarter. Versant Capital Management Inc now owns 472 shares of the company's stock worth $99,000 after purchasing an additional 270 shares in the last quarter. GAMMA Investing LLC grew its stake in L3Harris Technologies by 26.4% during the 4th quarter. GAMMA Investing LLC now owns 2,790 shares of the company's stock worth $587,000 after buying an additional 582 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its position in L3Harris Technologies by 23.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 984 shares of the company's stock valued at $207,000 after buying an additional 184 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial lowered their price target on L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $240.00 price target on shares of L3Harris Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Bank of America cut their target price on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.56.

L3Harris Technologies Stock Performance

LHX stock traded up $0.76 during midday trading on Friday, hitting $219.15. 983,125 shares of the stock traded hands, compared to its average volume of 1,415,536. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The stock's fifty day simple moving average is $213.70 and its 200-day simple moving average is $220.54. The firm has a market cap of $40.97 billion, a P/E ratio of 27.85, a PEG ratio of 2.42 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.09. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.29 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. L3Harris Technologies's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.06 EPS. On average, analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $1.20 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.19%. L3Harris Technologies's dividend payout ratio (DPR) is 56.94%.

Insider Activity at L3Harris Technologies

In related news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $226.00, for a total value of $718,228.00. Following the sale, the insider now directly owns 2,797 shares in the company, valued at approximately $632,122. The trade was a 53.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total value of $377,068.84. Following the transaction, the insider now directly owns 30,620 shares of the company's stock, valued at $6,475,517.60. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.