Danske Bank A S Raises Holdings in L3Harris Technologies Inc $LHX

Key Points

• Danske Bank A S raised its stake in L3Harris by 45.9%, adding 17,264 shares to hold 54,864 shares valued at about $16.1 million per its latest SEC filing.
• L3Harris beat Q1 estimates (EPS $2.72 vs. $2.53; revenue $5.74B vs. $5.42B), raised FY‑2026 guidance to $11.40–$11.60, cited strong missile demand and a record ~$40.7B backlog, and confidentially filed for a possible IPO of its Missile Solutions unit.
• Insiders have been net sellers — 19,025 shares sold over the past 90 days, including two executives who each sold 5,528 shares on March 2 — and the stock sold off after the earnings release despite the results.

Danske Bank A S lifted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,864 shares of the company's stock after buying an additional 17,264 shares during the quarter. Danske Bank A S's holdings in L3Harris Technologies were worth $16,106,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LHX. Brighton Jones LLC raised its holdings in L3Harris Technologies by 233.9% in the 4th 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 period. Jump Financial LLC raised its holdings in L3Harris Technologies by 14.9% in the 2nd quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after purchasing an additional 388 shares during the period. NewEdge Advisors LLC raised its holdings in L3Harris Technologies by 14.2% in the 2nd quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock worth $4,285,000 after purchasing an additional 2,130 shares during the period. Nebula Research & Development LLC acquired a new position in L3Harris Technologies in the 2nd quarter worth about $856,000. Finally, CIBC Asset Management Inc raised its holdings in L3Harris Technologies by 116.2% in the 2nd quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock worth $15,549,000 after purchasing an additional 33,321 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was 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 owned 7,756 shares of the company's stock, valued at approximately $2,872,201.92. This trade represents a 41.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Rambeau sold 5,528 shares of the stock in a transaction that occurred 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 7,660 shares of the company's stock, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 19,025 shares of company stock valued at $6,824,370. 0.68% of the stock is currently owned by insiders.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $313.58 on Monday. The business has a 50 day simple moving average of $352.19 and a two-hundred day simple moving average of $323.72. L3Harris Technologies Inc has a 12 month low of $214.10 and a 12 month high of $379.23. The stock has a market capitalization of $58.57 billion, a P/E ratio of 34.05, a PEG ratio of 1.59 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.19. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.41 earnings per share. 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 11.48 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies's dividend payout ratio is presently 54.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LHX shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a report on Friday, February 6th. Wolfe Research reaffirmed an "outperform" rating on shares of L3Harris Technologies in a report on Friday, January 30th. Truist Financial raised L3Harris Technologies to a "strong-buy" rating in a report on Friday. JPMorgan Chase & Co. upped their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an "overweight" rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $350.18.

Key Stories Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $2.72 vs. consensus ~ $2.53 and revenue ~ $5.74B (up ~12% YoY); operating margin and organic growth improved, supporting near‑term profitability. Business Wire: Q1 Results
• Positive Sentiment: Strong weapons and missile demand boosted results — missile solutions revenue rose (~18%); orders of $7.8B and book‑to‑bill of 1.4x pushed backlog to a record ~$40.7B, supporting future revenue visibility. Reuters: Lifts 2026 Profit Forecast
• Positive Sentiment: Company confidentially filed a draft S‑1 for an IPO of its Missile Solutions unit — potential value realization and strategic optionality for shareholders if executed. Reuters: Missile Unit IPO Filing
• Neutral Sentiment: Management raised FY‑2026 EPS guidance to $11.40–$11.60, but the midpoint is slightly below some analyst consensus (introducing mixed reactions despite the raise). Zacks: Guidance Raised
• Negative Sentiment: Market reaction: shares sold off after the print — some investors focused on guidance being slightly light and on near‑term execution/uncertainty around the IPO timing, outweighing the beat for now. Barron's: Stock Falls After Earnings

L3Harris Technologies Company Profile

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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