New York State Common Retirement Fund Has $55.92 Million Position in L3Harris Technologies, Inc. (NYSE:LHX)

New York State Common Retirement Fund trimmed its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,501 shares of the company's stock after selling 20,278 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of L3Harris Technologies worth $55,920,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LHX. Manning & Napier Group LLC raised its holdings in L3Harris Technologies by 58.6% in the 3rd quarter. Manning & Napier Group LLC now owns 1,034,176 shares of the company's stock valued at $180,071,000 after acquiring an additional 381,997 shares in the last quarter. Mondrian Investment Partners LTD increased its position in L3Harris Technologies by 32,907.5% during the third quarter. Mondrian Investment Partners LTD now owns 380,246 shares of the company's stock worth $66,208,000 after acquiring an additional 379,094 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in L3Harris Technologies by 53.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 853,238 shares of the company's stock valued at $179,709,000 after purchasing an additional 296,654 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of L3Harris Technologies by 22.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,450,040 shares of the company's stock worth $252,481,000 after buying an additional 266,468 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in L3Harris Technologies during the third quarter worth about $35,207,000. Institutional investors own 84.76% of the company's stock.

Insider Activity

In related news, Director William H. Swanson acquired 1,250 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now directly owns 1,543 shares of the company's stock, valued at $332,285.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the transaction, the insider now owns 28,644 shares in the company, valued at approximately $6,057,346.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Swanson purchased 1,250 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $215.35 per share, with a total value of $269,187.50. Following the completion of the purchase, the director now directly owns 1,543 shares in the company, valued at $332,285.05. The disclosure for this purchase can be found here. Insiders sold 48,362 shares of company stock valued at $10,261,360 in the last three months. 0.87% of the stock is currently owned by company insiders.

L3Harris Technologies Trading Up 0.0 %

Shares of L3Harris Technologies stock traded up $0.03 during trading on Wednesday, hitting $207.71. The stock had a trading volume of 1,002,094 shares, compared to its average volume of 1,112,701. L3Harris Technologies, Inc. has a 1 year low of $160.25 and a 1 year high of $218.34. The company has a market capitalization of $39.49 billion, a PE ratio of 32.24, a P/E/G ratio of 1.93 and a beta of 0.65. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $210.23 and a 200 day simple moving average of $200.95.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $5.34 billion for the quarter, compared to analysts' expectations of $5.28 billion. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.27 EPS. On average, research analysts expect that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $1.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.23%. L3Harris Technologies's payout ratio is 72.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LHX. UBS Group increased their price objective on shares of L3Harris Technologies from $222.00 to $229.00 and gave the stock a "neutral" rating in a research report on Monday, January 29th. Citigroup raised their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. Alembic Global Advisors raised shares of L3Harris Technologies from a "neutral" rating to an "overweight" rating and set a $238.00 price target on the stock in a research report on Monday. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a "neutral" rating to an "overweight" rating and set a $240.00 price objective for the company in a research note on Thursday, January 11th. Finally, Wells Fargo & Company cut their target price on L3Harris Technologies from $250.00 to $238.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $229.60.

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.