Norris Perne & French LLP MI Buys 4,020 Shares of L3Harris Technologies Inc $LHX

Key Points

• Norris Perne & French LLP MI acquired 4,020 shares of L3Harris Technologies in the third quarter, valued at approximately $952,000. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share and revenue of $5.88 billion, exceeding analyst estimates; revenue increased 8.4% year over year. The company issued fiscal 2026 EPS guidance of $11.80–$12.00.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 2.0% yield. Despite several analyst downgrades, the stock retains a “Moderate Buy” consensus rating with an average price target of $341.71.

Norris Perne & French LLP MI bought a new stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,020 shares of the company's stock, valued at approximately $952,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in L3Harris Technologies during the second quarter worth about $5,525,806,000. State Street Corp increased its position in shares of L3Harris Technologies by 2.9% during the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company's stock valued at $2,643,600,000 after purchasing an additional 252,662 shares during the last quarter. Wellington Management Group LLP increased its position in shares of L3Harris Technologies by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company's stock valued at $1,367,832,000 after purchasing an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of L3Harris Technologies during the 2nd quarter valued at about $752,983,000. Finally, Bank of America Corp DE raised its holdings in shares of L3Harris Technologies by 22.3% during the 1st quarter. Bank of America Corp DE now owns 1,917,732 shares of the company's stock valued at $661,905,000 after buying an additional 350,313 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Down 0.2%

Shares of NYSE:LHX opened at $253.68 on Friday. The stock's 50-day moving average price is $250.31 and its 200-day moving average price is $287.12. L3Harris Technologies Inc has a 12-month low of $232.34 and a 12-month high of $379.23. The stock has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.59 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 data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the business earned $2.78 earnings per share. The company's quarterly revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities analysts anticipate that L3Harris Technologies Inc will post 11.89 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $1.25 dividend. The ex-dividend date is Friday, December 4th. This represents a $5.00 annualized dividend and a yield of 2.0%. L3Harris Technologies's payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LHX shares. Weiss Ratings downgraded L3Harris Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 10th. Royal Bank Of Canada reduced their price target on shares of L3Harris Technologies from $310.00 to $265.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 15th. Melius Research downgraded shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, September 8th. 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 report on Wednesday, August 26th. Finally, The Goldman Sachs Group cut their price objective on shares of L3Harris Technologies from $405.00 to $361.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average target price of $341.71.

L3Harris Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.