Kesler Norman & Wride LLC Has $6.19 Million Stake in L3Harris Technologies Inc (NYSE:LHX)

Kesler Norman & Wride LLC lifted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,582 shares of the company's stock after buying an additional 1,185 shares during the period. L3Harris Technologies makes up 1.2% of Kesler Norman & Wride LLC's portfolio, making the stock its 27th biggest position. Kesler Norman & Wride LLC's holdings in L3Harris Technologies were worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of LHX. Stonebrook Private Inc. lifted its stake in shares of L3Harris Technologies by 5.0% in the first quarter. Stonebrook Private Inc. now owns 3,306 shares of the company's stock worth $692,000 after acquiring an additional 156 shares in the last quarter. Sharpepoint LLC grew its holdings in shares of L3Harris Technologies by 2.6% during the first quarter. Sharpepoint LLC now owns 13,253 shares of the company's stock valued at $2,932,000 after purchasing an additional 339 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of L3Harris Technologies by 323.3% during the first quarter. Cornerstone Planning Group LLC now owns 182 shares of the company's stock valued at $39,000 after purchasing an additional 139 shares during the last quarter. Brick & Kyle Associates grew its holdings in shares of L3Harris Technologies by 1.0% during the first quarter. Brick & Kyle Associates now owns 22,660 shares of the company's stock valued at $4,762,000 after purchasing an additional 234 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in L3Harris Technologies by 3.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 11,352 shares of the company's stock worth $2,376,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Down 0.2%

Shares of NYSE LHX traded down $0.50 during mid-day trading on Friday, reaching $259.60. The company had a trading volume of 954,594 shares, compared to its average volume of 1,159,991. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $265.74. 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 stock has a market capitalization of $48.53 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. The stock's 50 day moving average is $242.10 and its 200-day moving average is $221.80.

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 for the quarter, topping analysts' consensus estimates of $2.32 by $0.09. L3Harris Technologies had a net margin of 7.55% and a return on equity of 12.38%. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the prior year, the business posted $3.06 earnings per share. L3Harris Technologies's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Tuesday, June 3rd. L3Harris Technologies's dividend payout ratio (DPR) is presently 56.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LHX shares. UBS Group increased their price target on L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Jefferies Financial Group cut their price objective on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group upgraded L3Harris Technologies from a "sell" rating to a "buy" rating and increased their target price for the company from $198.00 to $263.00 in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup increased their target price on L3Harris Technologies from $245.00 to $280.00 and gave the company a "buy" rating in a report on Monday, June 9th. Five research 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 company presently has an average rating of "Moderate Buy" and an average target price of $259.94.

Insider Buying and Selling at L3Harris Technologies

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

L3Harris Technologies Company 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.