Caisse de depot et placement du Quebec Reduces Position in L3Harris Technologies Inc $LHX

Key Points

• Caisse de dépôt et placement du Québec cut its L3Harris Technologies stake by 99.2% in the second quarter, selling 427,504 shares and retaining 3,560 shares worth about $1.03 million.
• Analyst sentiment remains moderately positive, with two Strong Buy and nine Buy ratings versus five Holds; the consensus price target is $360.45, despite several recent target-price reductions.
• L3Harris reported better-than-expected quarterly results, with $3.13 in EPS and $5.88 billion in revenue, while maintaining fiscal 2026 EPS guidance of $11.80–$12.00. The company also declared a quarterly dividend of $1.25, representing a 1.9% yield.

Caisse de depot et placement du Quebec trimmed its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 99.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560 shares of the company's stock after selling 427,504 shares during the quarter. Caisse de depot et placement du Quebec's holdings in L3Harris Technologies were worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LHX. Brighton Jones LLC increased its position in L3Harris Technologies by 233.9% during the fourth 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. Jump Financial LLC increased its holdings in shares of L3Harris Technologies by 14.9% during the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after buying an additional 388 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of L3Harris Technologies by 14.2% during the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock valued at $4,285,000 after buying an additional 2,130 shares during the period. Nebula Research & Development LLC acquired a new position in L3Harris Technologies in the second quarter valued at approximately $856,000. Finally, CIBC Asset Management Inc lifted its holdings in L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock valued at $15,549,000 after acquiring an additional 33,321 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Jefferies Financial Group cut L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. UBS Group cut their price objective on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. BNP Paribas Exane reduced their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Finally, Susquehanna decreased their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $360.45.

L3Harris Technologies Stock Up 0.2%

Shares of NYSE:LHX opened at $263.31 on Monday. The firm has a market capitalization of $49.03 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. L3Harris Technologies Inc has a 1 year low of $258.54 and a 1 year high of $379.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The firm's 50-day moving average is $285.55 and its two-hundred day moving average is $317.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $2.78 earnings per share. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies's payout ratio is 50.51%.

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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