L3Harris Technologies Inc $LHX Stock: TD Waterhouse Canada Inc. Trims Holdings

Key Points

• TD Waterhouse Canada reduced its L3Harris Technologies position by 33.8% in the third quarter, selling 11,771 shares and retaining 23,059 shares worth approximately $5.5 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, exceeding the $2.80 consensus estimate, while revenue rose 8.4% year over year to $5.88 billion. Management set fiscal 2026 EPS guidance at $11.80–$12.00.
• The stock opened at $244.06, well below its 52-week high of $379.23. Analysts maintain a “Moderate Buy” consensus with an average price target of $341.71, while the company pays a quarterly dividend of $1.25 per share, yielding about 2.0%.

TD Waterhouse Canada Inc. trimmed its position in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 33.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,059 shares of the company's stock after selling 11,771 shares during the period. TD Waterhouse Canada Inc.'s holdings in L3Harris Technologies were worth $5,501,000 at the end of the most recent quarter.

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

L3Harris Technologies Price Performance

LHX stock opened at $244.06 on Tuesday. The company has a market capitalization of $45.45 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies Inc has a 52-week low of $232.34 and a 52-week high of $379.23. The business has a 50-day simple moving average of $253.35 and a two-hundred day simple moving average of $289.59.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 8.4% on a year-over-year basis. 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. Research analysts expect that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.0%. L3Harris Technologies's dividend payout ratio is 50.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LHX. Wall Street Zen upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Sunday, October 4th. The Goldman Sachs Group reduced their price target on shares of L3Harris Technologies from $405.00 to $361.00 and set a "buy" rating for the company in a research report on Monday, October 12th. Jefferies Financial Group lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a research note on Wednesday, August 26th. Argus downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a report on Friday, September 25th. Finally, TD Cowen lowered their price objective on shares of L3Harris Technologies from $370.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, October 9th. Two equities research 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 stock. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $341.71.

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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