Harel Insurance Investments & Financial Services Ltd. Has $4.08 Million Stock Position in L3Harris Technologies Inc (NYSE:LHX)

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 36.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,513 shares of the company's stock after buying an additional 5,193 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in L3Harris Technologies were worth $4,084,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LHX. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after purchasing an additional 3,001 shares during the period. Smartleaf Asset Management LLC raised its holdings in L3Harris Technologies by 14.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,317 shares of the company's stock valued at $275,000 after acquiring an additional 162 shares during the period. Jones Financial Companies Lllp raised its holdings in L3Harris Technologies by 158.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,715 shares of the company's stock valued at $781,000 after acquiring an additional 2,280 shares during the period. SBI Securities Co. Ltd. bought a new position in L3Harris Technologies in the 4th quarter valued at about $132,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in L3Harris Technologies by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,210,107 shares of the company's stock valued at $254,461,000 after acquiring an additional 32,979 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 33,061 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $248.48, for a total value of $8,214,997.28. Following the sale, the chief executive officer owned 145,572 shares in the company, valued at $36,171,730.56. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward J. Zoiss sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 25,325 shares in the company, valued at $6,204,625. This represents a 7.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

L3Harris Technologies Price Performance

Shares of NYSE LHX traded up $3.21 during trading hours on Friday, hitting $256.77. 575,399 shares of the stock were exchanged, compared to its average volume of 1,151,636. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 1.02. The company has a market cap of $48.00 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.04 and a beta of 0.75. The company's fifty day simple moving average is $238.25 and its two-hundred day simple moving average is $220.21. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) 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 analyst estimates of $5.29 billion. L3Harris Technologies had a net margin of 7.55% and a return on equity of 12.38%. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. On average, sell-side analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $4.80 annualized dividend and a dividend yield of 1.87%. L3Harris Technologies's dividend payout ratio is 56.94%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LHX shares. Truist Financial lowered 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. Citigroup increased their price target on shares of L3Harris Technologies from $245.00 to $280.00 and gave the company a "buy" rating in a report on Monday, June 9th. Wells Fargo & Company lowered their price target on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group increased their target price on shares of L3Harris Technologies from $222.00 to $226.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group decreased their target price on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, L3Harris Technologies has an average rating of "Moderate Buy" and an average price target of $258.75.

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.