Sequoia Financial Advisors LLC Buys 6,414 Shares of L3Harris Technologies Inc $LHX

Key Points

• Sequoia Financial Advisors increased its L3Harris stake by 10.7% in the second quarter, buying 6,414 shares for a total of 66,606 shares valued at approximately $19.4 million. Institutional investors collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, beating estimates of $2.80, while revenue rose 8.4% year over year to $5.88 billion. The company guided to fiscal 2026 EPS of $11.80–$12.00.
• The stock recently traded near $248, well below its 52-week high of $379.23, while analysts maintain a “Moderate Buy” consensus and an average price target of $360.45. L3Harris also declared a quarterly dividend of $1.25 per share, yielding about 2.0% annually.

Sequoia Financial Advisors LLC increased its stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,606 shares of the company's stock after buying an additional 6,414 shares during the quarter. Sequoia Financial Advisors LLC's holdings in L3Harris Technologies were worth $19,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in L3Harris Technologies by 27,873.4% during the second quarter. California State Teachers Retirement System now owns 83,761,115 shares of the company's stock worth $24,340,142,000 after purchasing an additional 83,461,684 shares during the last quarter. BlackRock Inc. bought a new position in shares of L3Harris Technologies during the 2nd quarter worth approximately $5,525,806,000. Capital World Investors boosted its stake in shares of L3Harris Technologies by 2.9% in the 4th 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 holdings in shares of L3Harris Technologies by 1.6% in the fourth quarter. State Street Corp now owns 8,919,368 shares of the company's stock valued at $2,618,459,000 after acquiring an additional 141,442 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 106,430 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Trading Down 0.8%

L3Harris Technologies stock opened at $248.35 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies Inc has a fifty-two week low of $246.51 and a fifty-two week high of $379.23. The stock has a market cap of $46.25 billion, a P/E ratio of 25.09, a PEG ratio of 1.60 and a beta of 0.50. The firm's fifty day moving average price is $279.54 and its 200-day moving average price is $311.88.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its earnings results 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 business had revenue of $5.88 billion during the quarter, compared to analysts' expectations of $5.81 billion. During the same period in the previous year, the business earned $2.78 earnings per share. The firm's 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. Equities research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.0%. L3Harris Technologies's dividend payout ratio (DPR) is 50.51%.

Analysts Set New Price Targets

LHX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Jefferies Financial Group lowered shares of L3Harris Technologies from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research report on Wednesday, August 26th. BNP Paribas Exane dropped their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Weiss Ratings lowered shares of L3Harris Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Finally, Susquehanna decreased their price objective on L3Harris Technologies from $410.00 to $350.00 and set a "positive" rating on the stock in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, L3Harris Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $360.45.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.

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