L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Nomura Holdings Inc.

Nomura Holdings Inc. grew its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 252.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,256 shares of the company's stock after acquiring an additional 4,481 shares during the period. Nomura Holdings Inc.'s holdings in L3Harris Technologies were worth $1,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BankPlus Wealth Management LLC purchased a new position in shares of L3Harris Technologies during the 4th quarter valued at about $409,000. Empowered Funds LLC lifted its holdings in L3Harris Technologies by 24.3% in the fourth quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock valued at $4,150,000 after acquiring an additional 3,852 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in L3Harris Technologies by 51.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,320 shares of the company's stock worth $3,011,000 after purchasing an additional 4,890 shares in the last quarter. Private Capital Advisors Inc. boosted its position in L3Harris Technologies by 82.6% in the 4th quarter. Private Capital Advisors Inc. now owns 7,120 shares of the company's stock worth $1,497,000 after purchasing an additional 3,220 shares in the last quarter. Finally, Novare Capital Management LLC grew its stake in shares of L3Harris Technologies by 6.2% during the 4th quarter. Novare Capital Management LLC now owns 45,934 shares of the company's stock worth $9,659,000 after purchasing an additional 2,688 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Transactions at L3Harris Technologies

In other news, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the sale, the insider now directly owns 30,620 shares of the company's stock, valued at approximately $6,475,517.60. The trade was a 5.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon Rambeau sold 3,178 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares in the company, valued at approximately $632,122. This represents a 53.19% 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.

Analysts Set New Price Targets

LHX has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America lowered their target price on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $240.00 price target on shares of L3Harris Technologies in a research note on Friday, January 31st. Jefferies Financial Group lowered their price target on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, UBS Group upped their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $256.56.

L3Harris Technologies Trading Up 0.8%

Shares of LHX stock traded up $1.84 on Wednesday, hitting $232.66. The stock had a trading volume of 2,701,180 shares, compared to its average volume of 1,050,674. The company's 50 day moving average price is $215.52 and its 200-day moving average price is $219.12. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The firm has a market capitalization of $43.49 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.42 and a beta of 0.72.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.09. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the prior year, the firm earned $3.06 earnings per share. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts anticipate that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be paid a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $4.80 annualized dividend and a dividend yield of 2.06%. L3Harris Technologies's dividend payout ratio (DPR) is 56.94%.

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.