TD Private Client Wealth LLC Acquires 1,986 Shares of L3Harris Technologies Inc (NYSE:LHX)

TD Private Client Wealth LLC grew its holdings in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,057 shares of the company's stock after purchasing an additional 1,986 shares during the period. TD Private Client Wealth LLC's holdings in L3Harris Technologies were worth $1,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in L3Harris Technologies by 234.3% during the 4th quarter. Meeder Asset Management Inc. now owns 117 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Millstone Evans Group LLC bought a new stake in L3Harris Technologies during the 4th quarter worth $26,000. Beacon Capital Management LLC grew its position in L3Harris Technologies by 79.5% during the 1st quarter. Beacon Capital Management LLC now owns 131 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in L3Harris Technologies by 336.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 144 shares of the company's stock worth $30,000 after acquiring an additional 111 shares during the last quarter. Finally, Park Square Financial Group LLC bought a new stake in L3Harris Technologies during the 4th quarter worth $37,000. Institutional investors own 84.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LHX shares. The Goldman Sachs Group upgraded L3Harris Technologies from a "sell" rating to a "buy" rating and boosted their price objective for the stock from $198.00 to $263.00 in a research report on Friday, April 11th. Citigroup increased their price target on L3Harris Technologies from $245.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, June 9th. UBS Group increased their price target on L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Jefferies Financial Group decreased their price target on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Wells Fargo & Company decreased their price target on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, L3Harris Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $258.75.

L3Harris Technologies Stock Up 0.8%

NYSE:LHX traded up $2.01 on Wednesday, hitting $259.10. The stock had a trading volume of 934,388 shares, compared to its average volume of 1,153,558. The business's fifty day moving average is $239.72 and its 200 day moving average is $220.83. The company has a market cap of $48.44 billion, a PE ratio of 30.74, a P/E/G ratio of 2.05 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.09. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.29 billion. L3Harris Technologies had a return on equity of 12.38% and a net margin of 7.55%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 earnings per share. On average, equities research analysts expect that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $4.80 annualized dividend and a dividend yield of 1.85%. L3Harris Technologies's payout ratio is 56.94%.

Insider Activity at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 33,061 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $248.48, for a total transaction of $8,214,997.28. Following the transaction, the chief executive officer owned 145,572 shares of the company's stock, valued at $36,171,730.56. The trade was a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward J. Zoiss sold 2,000 shares of L3Harris Technologies stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total value of $490,000.00. Following the transaction, the insider directly owned 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.