Perigon Wealth Management LLC Acquires New Stake in L3Harris Technologies Inc $LHX

Key Points

• Perigon Wealth Management acquired 9,180 L3Harris shares during the second quarter, worth approximately $2.67 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, beating estimates by $0.33, while revenue rose 8.4% year over year to $5.88 billion. The company maintained fiscal 2026 EPS guidance of $11.80–$12.00.
• The stock opened at $278.05, well below its 12-month high of $379.23, and recently announced a quarterly dividend of $1.25 per share, representing a 1.8% yield. Investors are also monitoring the immediate CEO transition to Sam Mehta following Christopher Kubasik’s departure over a conduct violation.

Perigon Wealth Management LLC bought a new stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,180 shares of the company's stock, valued at approximately $2,668,000.

Several other institutional investors and hedge funds have also bought and sold shares of LHX. Vanguard Group Inc. increased its position in shares of L3Harris Technologies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company's stock valued at $6,872,710,000 after purchasing an additional 190,955 shares during the last quarter. Capital World Investors boosted its holdings in shares of L3Harris Technologies by 2.9% in the fourth quarter. Capital World Investors now owns 11,645,419 shares of the company's stock worth $3,418,747,000 after buying an additional 329,910 shares during the last quarter. State Street Corp grew its position in L3Harris Technologies by 1.6% during the fourth quarter. State Street Corp now owns 8,919,368 shares of the company's stock valued at $2,618,459,000 after buying an additional 141,442 shares during the period. Geode Capital Management LLC increased its holdings in L3Harris Technologies by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,146,713 shares of the company's stock valued at $1,505,444,000 after buying an additional 106,430 shares during the last quarter. Finally, Morgan Stanley increased its holdings in L3Harris Technologies by 3.9% during the fourth quarter. Morgan Stanley now owns 3,318,020 shares of the company's stock valued at $974,072,000 after buying an additional 124,797 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX opened at $278.05 on Tuesday. The firm has a market cap of $51.78 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $292.38 and a 200-day moving average price of $322.68. L3Harris Technologies Inc has a twelve month low of $262.68 and a twelve month high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.During the same quarter last year, the company earned $2.78 EPS. The firm'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. As a group, equities research analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. L3Harris Technologies's dividend payout ratio (DPR) is presently 50.51%.

More L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris appointed insider Sam Mehta as president and chief executive officer effective immediately. Mehta’s familiarity with the business could help provide continuity and limit disruption while the company manages the transition. L3Harris names insider Sam Mehta CEO as Christopher Kubasik steps down
• Positive Sentiment: A new Rhode Island facility is expanding L3Harris’ undersea-defense capabilities, including advanced training systems for U.S. and allied fleets. The investment may support long-term growth in an area benefiting from increased defense demand. Can L3Harris' New Rhode Island Facility Strengthen Undersea Growth?
• Neutral Sentiment: The leadership transition is effective immediately, and additional details about the conduct violation were not disclosed. Investors will likely watch for information on Mehta’s strategic priorities, the board’s governance process and any effect on customer or government relationships. Defense contractor L3Harris ousts CEO Chris Kubasik over unspecified conduct
• Negative Sentiment: Kubasik’s departure is particularly sensitive because he previously left Lockheed Martin after acknowledging an improper relationship with a subordinate. The repeat conduct-related controversy may heighten reputational and governance concerns surrounding L3Harris. L3Harris ousts CEO Christopher Kubasik after probe finds he violated code of conduct

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna dropped their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research note on Friday, July 31st. BNP Paribas Exane decreased their target price on L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. UBS Group lowered their target price on L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $365.00.

About L3Harris Technologies

L3Harris Technologies NYSE: LHX is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company's offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.

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