L3Harris Technologies Inc $LHX Shares Sold by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd lessened its position in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 83.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,596 shares of the company's stock after selling 54,134 shares during the period. Osmosis Investment Management UK Ltd's holdings in L3Harris Technologies were worth $3,079,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Covington Investment Advisors Inc. raised its position in L3Harris Technologies by 2.4% in the second quarter. Covington Investment Advisors Inc. now owns 24,929 shares of the company's stock worth $7,244,000 after acquiring an additional 580 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of L3Harris Technologies in the second quarter valued at $2,508,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of L3Harris Technologies by 3.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,649 shares of the company's stock valued at $1,351,000 after acquiring an additional 142 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of L3Harris Technologies by 31.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 53,216 shares of the company's stock valued at $15,464,000 after acquiring an additional 12,712 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of L3Harris Technologies by 0.8% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 16,091 shares of the company's stock worth $4,676,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LHX shares. Susquehanna reduced their target price on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating for the company in a report on Friday, July 31st. UBS Group cut their price objective on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Truist Financial raised shares of L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. BNP Paribas Exane reduced their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Finally, Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $365.00.

L3Harris Technologies Price Performance

Shares of LHX opened at $267.03 on Monday. The business's 50-day moving average is $289.65 and its 200-day moving average is $320.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market capitalization of $49.72 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.16 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $262.68 and a fifty-two week high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to analysts' expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies's payout ratio is currently 50.51%.

L3Harris Technologies 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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