L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Czech National Bank

Czech National Bank raised its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,252 shares of the company's stock after purchasing an additional 2,128 shares during the quarter. Czech National Bank's holdings in L3Harris Technologies were worth $9,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in L3Harris Technologies by 24.3% during the 4th quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock worth $4,150,000 after buying an additional 3,852 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of L3Harris Technologies by 1,015.9% during the fourth quarter. Van ECK Associates Corp now owns 13,224 shares of the company's stock worth $2,781,000 after purchasing an additional 12,039 shares during the last quarter. GDS Wealth Management lifted its position in L3Harris Technologies by 3.8% during the fourth quarter. GDS Wealth Management now owns 79,585 shares of the company's stock valued at $16,735,000 after purchasing an additional 2,884 shares during the period. Adell Harriman & Carpenter Inc. boosted its holdings in L3Harris Technologies by 131.7% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 7,755 shares of the company's stock valued at $1,631,000 after purchasing an additional 4,408 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in L3Harris Technologies by 11.8% during the 4th quarter. Yousif Capital Management LLC now owns 25,063 shares of the company's stock worth $5,270,000 after purchasing an additional 2,637 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Jon Rambeau sold 3,178 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares of the company's stock, valued at approximately $632,122. This represents a 53.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward J. Zoiss sold 1,783 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the sale, the insider now owns 30,620 shares of the company's stock, valued at approximately $6,475,517.60. The trade was a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,961 shares of company stock worth $1,585,297 in the last three months. 0.72% of the stock is owned by corporate insiders.

L3Harris Technologies Price Performance

LHX traded down $0.55 on Wednesday, reaching $242.64. 803,948 shares of the company's stock were exchanged, compared to its average volume of 1,099,342. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The stock has a market cap of $45.36 billion, a PE ratio of 30.83, a P/E/G ratio of 2.42 and a beta of 0.72. 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 moving average price is $221.49 and its 200-day moving average price is $218.16.

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

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, June 3rd. L3Harris Technologies's dividend payout ratio (DPR) is currently 56.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group raised L3Harris Technologies from a "sell" rating to a "buy" rating and boosted their price objective for the company from $198.00 to $263.00 in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their price objective on L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Morgan Stanley decreased their target price on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Finally, Bank of America cut their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.56.

L3Harris Technologies 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.