Principal Financial Group Inc. Raises Stake in L3Harris Technologies Inc $LHX

Key Points

• Principal Financial Group raised its stake in L3Harris by 1.9% in Q4, owning 217,464 shares (about 0.12% of the company) valued at roughly $63.84 million after buying an additional 4,096 shares.
• L3Harris beat expectations for the quarter with $2.72 EPS vs. $2.53 est. and $5.74B revenue vs. $5.42B est., issued FY2026 guidance of $11.40–$11.60 EPS, and holds a MarketBeat consensus rating of "Moderate Buy" (target $354.75).
• Insiders have been net sellers recently—16,365 shares (~$5.86M) sold in the last 90 days—and the company announced a quarterly dividend of $1.25 ($5.00 annualized, ~1.7% yield).

Principal Financial Group Inc. lifted its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,464 shares of the company's stock after purchasing an additional 4,096 shares during the period. Principal Financial Group Inc. owned about 0.12% of L3Harris Technologies worth $63,841,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in L3Harris Technologies by 233.9% in the 4th quarter. Brighton Jones LLC now owns 4,284 shares of the company's stock valued at $901,000 after buying an additional 3,001 shares during the period. Jump Financial LLC increased its position in shares of L3Harris Technologies by 14.9% during the second quarter. Jump Financial LLC now owns 2,995 shares of the company's stock worth $751,000 after acquiring an additional 388 shares during the period. NewEdge Advisors LLC raised its stake in shares of L3Harris Technologies by 14.2% during the second quarter. NewEdge Advisors LLC now owns 17,082 shares of the company's stock valued at $4,285,000 after acquiring an additional 2,130 shares in the last quarter. Nebula Research & Development LLC bought a new stake in shares of L3Harris Technologies during the second quarter valued at approximately $856,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of L3Harris Technologies by 116.2% in the second quarter. CIBC Asset Management Inc now owns 61,988 shares of the company's stock valued at $15,549,000 after purchasing an additional 33,321 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Samir Mehta sold 5,528 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider directly owned 7,756 shares in the company, valued at approximately $2,872,201.92. This trade represents a 41.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Melanie Rakita sold 2,180 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares of the company's stock, valued at approximately $1,301,406.40. This trade represents a 34.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 16,365 shares of company stock valued at $5,861,117. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Argus upgraded L3Harris Technologies to a "strong-buy" rating in a report on Friday, February 27th. Vertical Research reiterated a "buy" rating and issued a $355.00 target price on shares of L3Harris Technologies in a report on Tuesday, January 13th. Susquehanna restated a "positive" rating on shares of L3Harris Technologies in a research note on Thursday, January 15th. Royal Bank Of Canada lifted their price objective on L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a report on Friday, January 30th. Finally, Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $354.75.

L3Harris Technologies Stock Down 0.3%

Shares of NYSE LHX opened at $301.33 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $56.13 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.51. The stock's fifty day simple moving average is $349.03 and its two-hundred day simple moving average is $324.06. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.53 by $0.19. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The business's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.56 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies's dividend payout ratio is presently 54.29%.

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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