L3Harris Technologies Inc (NYSE:LHX) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 103.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,116 shares of the company's stock after acquiring an additional 4,126 shares during the period. J.W. Cole Advisors Inc.'s holdings in L3Harris Technologies were worth $1,699,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Meeder Asset Management Inc. raised its position in L3Harris Technologies by 234.3% during the fourth quarter. Meeder Asset Management Inc. now owns 117 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the period. Millstone Evans Group LLC acquired a new position in L3Harris Technologies during the fourth quarter worth $26,000. Beacon Capital Management LLC raised its position in L3Harris Technologies by 79.5% during the first quarter. Beacon Capital Management LLC now owns 131 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in L3Harris Technologies by 336.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 144 shares of the company's stock worth $30,000 after acquiring an additional 111 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in L3Harris Technologies during the fourth quarter worth $37,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 33,061 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $248.48, for a total value of $8,214,997.28. Following the completion of the transaction, the chief executive officer directly owned 145,572 shares in the company, valued at approximately $36,171,730.56. The trade was a 18.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Zoiss sold 2,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total value of $490,000.00. Following the completion of the transaction, the insider owned 25,325 shares of the company's stock, valued at $6,204,625. This trade represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Stock Performance

Shares of LHX traded down $3.39 during mid-day trading on Friday, reaching $269.83. 1,187,725 shares of the company's stock were exchanged, compared to its average volume of 1,459,737. The business's fifty day simple moving average is $250.37 and its 200-day simple moving average is $225.17. L3Harris Technologies Inc has a 52-week low of $193.09 and a 52-week high of $280.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.85. The stock has a market capitalization of $50.44 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.10 and a beta of 0.75.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.48 by $0.30. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.31 billion. L3Harris Technologies had a net margin of 7.55% and a return on equity of 12.38%. The business's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 EPS. On average, equities research analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, September 5th. This represents a $4.80 annualized dividend and a dividend yield of 1.78%. L3Harris Technologies's dividend payout ratio is currently 56.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LHX. Susquehanna increased their target price on shares of L3Harris Technologies from $300.00 to $320.00 and gave the company a "positive" rating in a research report on Friday. Truist Financial increased their target price on shares of L3Harris Technologies from $279.00 to $302.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group raised their price objective on shares of L3Harris Technologies from $262.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday. Wall Street Zen lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of L3Harris Technologies in a report on Monday, July 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $275.18.

About L3Harris Technologies

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.