L3Harris Technologies Inc $LHX Stock: Robeco Institutional Asset Management B.V. Reduces Stake

Key Points

• Robeco Institutional Asset Management reduced its L3Harris stake by 17.7% in the third quarter, selling 40,970 shares and retaining 190,927 shares valued at approximately $45.2 million. Institutional investors collectively own 84.76% of the company.
• Analyst sentiment remains positive but has softened, with several firms cutting price targets or downgrading the stock to “hold.” MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $341.71.
• L3Harris shares opened at $253.89, while the company’s latest quarterly results exceeded expectations with $3.13 in adjusted EPS and $5.88 billion in revenue. Revenue increased 8.4% year over year, and fiscal 2026 EPS guidance is $11.80–$12.00.

Robeco Institutional Asset Management B.V. cut its stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,927 shares of the company's stock after selling 40,970 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of L3Harris Technologies worth $45,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LHX. NBH Bank bought a new position in L3Harris Technologies in the second quarter worth approximately $26,000. Cedar Mountain Advisors LLC increased its holdings in L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company's stock worth $28,000 after purchasing an additional 74 shares during the period. Tower View Wealth Management LLC purchased a new position in L3Harris Technologies during the 1st quarter worth $29,000. Elevation Wealth Partners LLC raised its position in L3Harris Technologies by 80.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 99 shares of the company's stock valued at $29,000 after purchasing an additional 44 shares in the last quarter. Finally, Bell Investment Advisors Inc bought a new stake in L3Harris Technologies during the 2nd quarter valued at $33,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent research reports. Sanford C. Bernstein dropped their price target on L3Harris Technologies from $346.00 to $318.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 14th. Melius Research lowered L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Jefferies Financial Group lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research note on Wednesday, August 26th. Finally, Susquehanna dropped their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $341.71.

L3Harris Technologies Stock Up 2.6%

Shares of NYSE LHX opened at $253.89 on Friday. L3Harris Technologies Inc has a 12-month low of $232.34 and a 12-month high of $379.23. The stock's fifty day simple moving average is $251.07 and its two-hundred day simple moving average is $287.36. The stock has a market capitalization of $47.28 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released 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 firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.

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