SFE Investment Counsel Invests $6.91 Million in L3Harris Technologies Inc $LHX

Key Points

• SFE Investment Counsel acquired a new $6.91 million stake in L3Harris Technologies, purchasing 23,782 shares during the second quarter. Institutional investors and hedge funds collectively own 84.76% of the company.
• L3Harris reported quarterly earnings of $3.13 per share, exceeding estimates of $2.80, 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 company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $365, above the cited share price of $291.62.

SFE Investment Counsel acquired a new stake in shares of L3Harris Technologies Inc (NYSE:LHX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,782 shares of the company's stock, valued at approximately $6,911,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allstate Corp lifted its holdings in shares of L3Harris Technologies by 106.7% during the fourth quarter. Allstate Corp now owns 13,985 shares of the company's stock worth $4,106,000 after purchasing an additional 7,219 shares during the period. Swiss National Bank grew its stake in L3Harris Technologies by 7.1% during the first quarter. Swiss National Bank now owns 549,029 shares of the company's stock worth $189,497,000 after purchasing an additional 36,320 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of L3Harris Technologies by 23.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company's stock valued at $64,920,000 after acquiring an additional 41,414 shares in the last quarter. Atria Investments Inc raised its holdings in shares of L3Harris Technologies by 77.9% during the fourth quarter. Atria Investments Inc now owns 14,800 shares of the company's stock valued at $4,345,000 after purchasing an additional 6,482 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in L3Harris Technologies by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company's stock worth $531,416,000 after acquiring an additional 110,423 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Trading Up 1.1%

NYSE:LHX opened at $291.62 on Friday. L3Harris Technologies Inc has a 1 year low of $262.68 and a 1 year high of $379.23. The stock's fifty day moving average price is $292.85 and its two-hundred day moving average price is $323.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market cap of $54.30 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.10 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating 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 company 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 quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

LHX has been the subject of a number of analyst reports. Truist Financial upgraded L3Harris Technologies to a "strong-buy" rating in a research note on Friday, May 1st. UBS Group lowered their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. BNP Paribas Exane reduced their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Susquehanna cut their target price 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. Finally, Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an "outperform" rating on the stock in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies 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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