Focus Partners Advisor Solutions LLC Sells 2,698 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Focus Partners Advisor Solutions LLC decreased its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,528 shares of the company's stock after selling 2,698 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in L3Harris Technologies were worth $742,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LHX. Arkadios Wealth Advisors grew its stake in shares of L3Harris Technologies by 9.6% in the fourth quarter. Arkadios Wealth Advisors now owns 1,452 shares of the company's stock worth $305,000 after purchasing an additional 127 shares during the last quarter. LaFleur & Godfrey LLC grew its stake in shares of L3Harris Technologies by 58.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 26,799 shares of the company's stock worth $5,635,000 after purchasing an additional 9,873 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in L3Harris Technologies by 0.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 39,405 shares of the company's stock valued at $8,286,000 after buying an additional 99 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in L3Harris Technologies by 5.1% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 8,329 shares of the company's stock valued at $1,751,000 after buying an additional 404 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in L3Harris Technologies by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 158,874 shares of the company's stock valued at $33,408,000 after buying an additional 7,934 shares during the period. Institutional investors own 84.76% of the company's stock.

Insider Buying and Selling

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $211.48, for a total value of $377,068.84. Following the completion of the sale, the insider now directly owns 30,620 shares of the company's stock, valued at approximately $6,475,517.60. This represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jon Rambeau sold 3,178 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the sale, the insider now directly owns 2,797 shares of the company's stock, valued at $632,122. The trade was a 53.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Down 0.6%

Shares of LHX traded down $1.41 on Thursday, reaching $242.96. The company's stock had a trading volume of 706,756 shares, compared to its average volume of 1,475,624. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The stock has a market capitalization of $45.42 billion, a PE ratio of 30.85, a PEG ratio of 2.42 and a beta of 0.72. The firm has a fifty day moving average of $218.97 and a 200-day moving average of $218.78.

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

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a $1.20 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.98%. L3Harris Technologies's dividend payout ratio is presently 56.94%.

Analysts Set New Price Targets

LHX has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Morgan Stanley dropped their target price on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $240.00 target price on shares of L3Harris Technologies in a report on Friday, January 31st. Truist Financial dropped their target price on shares of L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, UBS Group boosted their target price on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average 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.