L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. grew its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,639 shares of the company's stock after acquiring an additional 7,711 shares during the quarter. L3Harris Technologies comprises about 2.4% of Leith Wheeler Investment Counsel Ltd.'s holdings, making the stock its 11th largest position. Leith Wheeler Investment Counsel Ltd. owned 0.08% of L3Harris Technologies worth $33,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Czech National Bank raised its holdings in L3Harris Technologies by 6.4% in the fourth quarter. Czech National Bank now owns 41,124 shares of the company's stock valued at $8,648,000 after buying an additional 2,480 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of L3Harris Technologies by 29.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock valued at $184,245,000 after acquiring an additional 178,407 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of L3Harris Technologies by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 220,269 shares of the company's stock valued at $52,395,000 after acquiring an additional 4,321 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in L3Harris Technologies in the 4th quarter valued at $3,954,000. Finally, BankPlus Wealth Management LLC purchased a new position in L3Harris Technologies in the fourth quarter valued at about $409,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Jon Rambeau sold 3,178 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $226.00, for a total transaction of $718,228.00. Following the sale, the insider now directly owns 2,797 shares in the company, valued at approximately $632,122. The trade was a 53.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward J. Zoiss sold 1,783 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the transaction, the insider now owns 30,620 shares of the company's stock, valued at $6,475,517.60. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LHX shares. Truist Financial lowered their target price on L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating for the company in a research note on Friday. Royal Bank of Canada reiterated a "sector perform" rating and set a $240.00 price objective on shares of L3Harris Technologies in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Jefferies Financial Group cut their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Raymond James downgraded L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, L3Harris Technologies currently has an average rating of "Moderate Buy" and an average target price of $256.56.

L3Harris Technologies Stock Up 1.3 %

Shares of NYSE:LHX opened at $218.98 on Tuesday. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74. The company's fifty day moving average is $211.07 and its two-hundred day moving average is $221.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The stock has a market capitalization of $41.11 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.09. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.29 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. L3Harris Technologies's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.06 earnings per share. Equities analysts anticipate that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.19%. L3Harris Technologies's dividend payout ratio (DPR) is presently 56.94%.

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.

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