TD Waterhouse Canada Inc. Raises Position in L3Harris Technologies Inc $LHX

Key Points

• TD Waterhouse Canada increased its stake in L3Harris by 299.4% in Q4 to 6,837 shares (added 5,125 shares), now valued at about $2.01 million.
• Insiders executed large sales — Samir Mehta and Jon Rambeau each sold 5,528 shares on March 2 — and insiders sold 19,025 shares worth $6.82 million over the last quarter, leaving insider ownership at 0.68%.
• The company received a $1 billion strategic investment from the Department of War into its Missile Solutions business and declared a quarterly dividend of $1.25 per share (annual $5.00, yield 1.5%) payable June 26.

TD Waterhouse Canada Inc. raised its stake in L3Harris Technologies Inc (NYSE:LHX - Free Report) by 299.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,837 shares of the company's stock after purchasing an additional 5,125 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in L3Harris Technologies were worth $2,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. Caitlin John LLC purchased a new stake in shares of L3Harris Technologies in the third quarter worth approximately $28,000. American National Bank & Trust grew its holdings in shares of L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company's stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of L3Harris Technologies in the third quarter valued at approximately $29,000. Triumph Capital Management bought a new position in shares of L3Harris Technologies in the third quarter valued at approximately $31,000. Finally, GGM Financials LLC bought a new position in shares of L3Harris Technologies in the third quarter valued at approximately $32,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider owned 7,756 shares in the company, valued at approximately $2,872,201.92. This represents a 41.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Rambeau sold 5,528 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 7,660 shares in the company, valued at approximately $2,836,651.20. The trade was a 41.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 19,025 shares of company stock worth $6,824,370. Insiders own 0.68% of the company's stock.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $329.89 on Friday. L3Harris Technologies Inc has a 12 month low of $208.11 and a 12 month high of $379.23. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The business's 50 day simple moving average is $355.03 and its 200 day simple moving average is $322.62. The company has a market cap of $61.62 billion, a price-to-earnings ratio of 38.67, a PEG ratio of 1.67 and a beta of 0.62.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the business earned $3.47 earnings per share. L3Harris Technologies's revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts forecast that L3Harris Technologies Inc will post 11.53 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.5%. L3Harris Technologies's dividend payout ratio is presently 58.62%.

Key L3Harris Technologies News

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

• Positive Sentiment: L3Harris closed a $1 billion strategic investment from the Department of War into its Missile Solutions business to expand facilities, accelerate R&D and boost production capacity — a direct funding boost that can accelerate revenue and backlog growth in a high-priority defense segment. L3Harris Closes $1B Investment
• Positive Sentiment: The board declared a quarterly cash dividend of $1.25 per share payable June 26, 2026 (record date June 5). A sizable regular dividend supports income investors and signals confidence in cash flow. L3Harris Announces Quarterly Dividend
• Positive Sentiment: L3Harris plans to establish an F‑35 sustainment depot in Quebec as Canada reviews fighter orders, which could translate into long-term sustainment revenue and closer ties with a key customer (Canada). L3Harris to establish F-35 sustainment depot in Quebec
• Positive Sentiment: Analysts and equity research (Zacks / Yahoo) highlight that L3Harris is well positioned to beat upcoming quarterly earnings given its track record and current ordering environment; an earnings beat would be a near-term positive catalyst. L3Harris Earnings Expected to Grow
• Neutral Sentiment: NYSE scheduled a “Ring the Bell for Financial Literacy” event — routine market PR from the exchange; limited direct impact on fundamentals. NYSE to Host 'Ring the Bell for Financial Literacy'
• Negative Sentiment: Broader aerospace & defense sector weakness (article: “Defense Is Less ‘Defensive’ Now…”) is pressuring shares across the space — LHX is getting pulled lower by sector rotation/near-term selling despite company-specific positives. Defense sector pressure

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LHX shares. Royal Bank Of Canada upped their target price on L3Harris Technologies from $360.00 to $365.00 and gave the company a "sector perform" rating in a report on Friday, January 30th. Weiss Ratings raised L3Harris Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, December 29th. Citigroup upped their target price on L3Harris Technologies from $389.00 to $418.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Vertical Research reaffirmed a "buy" rating and issued a $355.00 target price on shares of L3Harris Technologies in a report on Tuesday, January 13th. Finally, TD Cowen reaffirmed a "buy" rating on shares of L3Harris Technologies in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $349.55.

L3Harris Technologies Company Profile

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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