ABN Amro Investment Solutions Takes Position in L3Harris Technologies Inc $LHX

ABN Amro Investment Solutions acquired a new position in L3Harris Technologies Inc (NYSE:LHX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,913 shares of the company's stock, valued at approximately $2,323,000.

Several other institutional investors and hedge funds also recently modified their holdings of LHX. Caitlin John LLC acquired a new position in shares of L3Harris Technologies during the third quarter valued at approximately $28,000. JPL Wealth Management LLC bought a new position in L3Harris Technologies during the third quarter valued at about $29,000. American National Bank & Trust boosted its stake in L3Harris Technologies by 44.8% during the fourth quarter. American National Bank & Trust now owns 97 shares of the company's stock valued at $28,000 after buying an additional 30 shares in the last quarter. Triumph Capital Management bought a new position in L3Harris Technologies during the third quarter valued at about $31,000. Finally, GGM Financials LLC bought a new position in L3Harris Technologies during the third quarter valued at about $32,000. Institutional investors own 84.76% of the company's stock.

Insider Transactions at L3Harris Technologies

In other news, insider Samir Mehta sold 5,528 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the sale, the insider directly owned 7,756 shares in the company, valued at approximately $2,872,201.92. The trade was a 41.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Melanie Rakita sold 2,378 shares of the firm's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total transaction of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares in the company, valued at $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,365 shares of company stock worth $5,861,117 in the last 90 days. 0.68% of the stock is owned by insiders.

L3Harris Technologies Trading Up 1.9%

Shares of NYSE LHX opened at $312.12 on Friday. L3Harris Technologies Inc has a one year low of $235.72 and a one year high of $379.23. The firm has a market capitalization of $58.15 billion, a PE ratio of 33.89, a PEG ratio of 1.55 and a beta of 0.51. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $336.51 and a two-hundred day moving average price of $325.05.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $2.41 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. L3Harris Technologies's dividend payout ratio (DPR) is 54.29%.

Analyst Ratings Changes

LHX has been the subject of several research reports. Citigroup raised their target price on L3Harris Technologies from $389.00 to $418.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. UBS Group reduced their target price on L3Harris Technologies from $362.00 to $330.00 and set a "neutral" rating for the company in a report on Friday, May 1st. Morgan Stanley upped their target price on L3Harris Technologies from $367.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on L3Harris Technologies from $340.00 to $395.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $354.75.

About L3Harris Technologies

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.

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