L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. increased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,635 shares of the company's stock after purchasing an additional 2,908 shares during the period. L3Harris Technologies accounts for 1.6% of SGL Investment Advisors Inc.'s investment portfolio, making the stock its 28th largest holding. SGL Investment Advisors Inc.'s holdings in L3Harris Technologies were worth $3,137,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LHX. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 82 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter worth $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter worth $27,000. Roxbury Financial LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of L3Harris Technologies by 336.4% in 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 period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction dated 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 sale, the insider now directly owns 30,620 shares in the company, valued at $6,475,517.60. The trade was a 5.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the sale, the insider now owns 2,797 shares of the company's stock, valued at approximately $632,122. This trade represents a 53.19% 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 Analyst Weigh In

Several research firms have recently commented on LHX. Wells Fargo & Company reduced their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their target price on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Morgan Stanley reduced their target price on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Finally, Truist Financial reduced their price objective on shares of L3Harris Technologies from $264.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, L3Harris Technologies has an average rating of "Moderate Buy" and an average target price of $256.56.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $227.07 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $214.33 and a two-hundred day moving average price of $219.63. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The company has a market capitalization of $42.45 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.72.

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

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $4.80 annualized dividend and a yield of 2.11%. L3Harris Technologies's dividend payout ratio (DPR) is currently 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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