Corient Private Wealth LP Sells 38,074 Shares of L3Harris Technologies Inc $LHX

Corient Private Wealth LP cut its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 38.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,498 shares of the company's stock after selling 38,074 shares during the period. Corient Private Wealth LP's holdings in L3Harris Technologies were worth $17,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LHX. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. NBH Bank acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $26,000. Cedar Mountain Advisors LLC lifted its stake in shares of L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock valued at $28,000 after purchasing an additional 74 shares during the period. Abound Financial LLC bought a new position in shares of L3Harris Technologies in the 4th quarter worth $29,000. Finally, Tower View Wealth Management LLC bought a new position in shares of L3Harris Technologies in the 1st quarter worth $29,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Analysts Set New Price Targets

LHX has been the subject of a number of analyst reports. Susquehanna decreased their price objective on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Jefferies Financial Group downgraded L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Wednesday, August 26th. Finally, Melius Research lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $360.83.

L3Harris Technologies Price Performance

NYSE LHX opened at $249.28 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a 12-month low of $244.76 and a 12-month high of $379.23. The company has a market capitalization of $46.42 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.50. The firm's 50 day moving average is $277.38 and its 200-day moving average is $310.37.

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

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

About L3Harris Technologies

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.