GTS Securities LLC Trims Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

GTS Securities LLC decreased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 93.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 987 shares of the company's stock after selling 13,290 shares during the quarter. GTS Securities LLC's holdings in L3Harris Technologies were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LHX. Vise Technologies Inc. bought a new stake in shares of L3Harris Technologies during the fourth quarter valued at about $200,000. Novem Group purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $404,000. CSS LLC IL purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $315,000. Waverly Advisors LLC increased its holdings in L3Harris Technologies by 114.1% during the 4th quarter. Waverly Advisors LLC now owns 8,868 shares of the company's stock worth $1,865,000 after acquiring an additional 4,726 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in L3Harris Technologies in the 4th quarter worth approximately $1,088,000. Hedge funds and other institutional investors own 84.76% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LHX. Citigroup decreased their price objective on shares of L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Truist Financial decreased their price target 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. Bank of America lowered their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and upped their target price for the stock from $198.00 to $263.00 in a research report on Friday, April 11th. Finally, UBS Group boosted their target price on L3Harris Technologies from $222.00 to $226.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $256.56.

L3Harris Technologies Trading Down 0.4%

NYSE:LHX traded down $1.04 during midday trading on Monday, reaching $243.30. 1,339,363 shares of the stock traded hands, compared to its average volume of 1,099,130. The company has a fifty day moving average of $220.25 and a 200 day moving average of $218.01. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The stock has a market capitalization of $45.48 billion, a P/E ratio of 30.91, a PEG ratio of 2.42 and a beta of 0.72.

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

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, June 3rd. L3Harris Technologies's payout ratio is 56.94%.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction on Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the sale, the insider now owns 2,797 shares in the company, valued at $632,122. The trade was a 53.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward J. Zoiss sold 2,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total transaction of $490,000.00. Following the transaction, the insider now directly owns 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,961 shares of company stock valued at $1,585,297 in the last 90 days. Insiders own 0.72% of the company's stock.

About L3Harris Technologies

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.