L3Harris Technologies Inc $LHX Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in L3Harris Technologies Inc by 69%, owning 241,851 shares valued at approximately $50.62 million as of the latest quarter.
• In the fourth quarter, other institutional investors such as Brighton Jones LLC and Deutsche Bank AG raised their stakes in L3Harris, indicating strong interest in the stock within the investment community.
• L3Harris Technologies has a quarterly dividend of $1.20 per share, with a yield of 1.8%, scheduled for payment on September 22nd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 69.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,851 shares of the company's stock after acquiring an additional 98,778 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.13% of L3Harris Technologies worth $50,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC increased its holdings in L3Harris Technologies by 7.9% in the first quarter. Transce3nd LLC now owns 652 shares of the company's stock valued at $137,000 after buying an additional 48 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in L3Harris Technologies by 3.1% in the first quarter. Koshinski Asset Management Inc. now owns 1,688 shares of the company's stock valued at $353,000 after buying an additional 50 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in L3Harris Technologies by 2.2% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 2,404 shares of the company's stock valued at $503,000 after buying an additional 51 shares during the last quarter. Northstar Financial Companies Inc. increased its holdings in L3Harris Technologies by 2.7% in the first quarter. Northstar Financial Companies Inc. now owns 2,009 shares of the company's stock valued at $421,000 after buying an additional 52 shares during the last quarter. Finally, CWC Advisors LLC. increased its holdings in L3Harris Technologies by 2.1% in the fourth quarter. CWC Advisors LLC. now owns 2,596 shares of the company's stock valued at $546,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,138 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $269.52, for a total transaction of $10,817,993.76. Following the completion of the sale, the chief executive officer directly owned 145,578 shares of the company's stock, valued at approximately $39,236,182.56. This trade represents a 21.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 145,199 shares of company stock worth $38,555,071. 0.72% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Performance

LHX stock traded up $1.12 during trading on Monday, hitting $273.51. The company had a trading volume of 1,193,539 shares, compared to its average volume of 1,006,504. The firm has a 50-day moving average price of $269.36 and a 200-day moving average price of $239.85. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The firm has a market cap of $51.17 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.99 and a beta of 0.76. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $280.52.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.30. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.31 billion. During the same period last year, the firm earned $3.24 EPS. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, 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. Shareholders of record on Friday, September 5th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 5th. L3Harris Technologies's dividend payout ratio (DPR) is presently 53.63%.

Analyst Upgrades and Downgrades

LHX has been the topic of several recent analyst reports. Susquehanna increased their target price on L3Harris Technologies from $300.00 to $320.00 and gave the company a "positive" rating in a report on Friday, July 25th. Robert W. Baird increased their target price on L3Harris Technologies from $274.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Sanford C. Bernstein reissued an "outperform" rating on shares of L3Harris Technologies in a report on Monday, July 14th. Truist Financial raised their price objective on L3Harris Technologies from $279.00 to $302.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Citigroup raised their price objective on L3Harris Technologies from $300.00 to $323.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $279.47.

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.