Bailard Inc. Has $5.88 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Bailard Inc. trimmed its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,909 shares of the company's stock after selling 4,262 shares during the period. Bailard Inc.'s holdings in L3Harris Technologies were worth $5,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Vontobel Holding Ltd. lifted its holdings in L3Harris Technologies by 15.4% in the third quarter. Vontobel Holding Ltd. now owns 1,285 shares of the company's stock worth $224,000 after purchasing an additional 171 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of L3Harris Technologies by 34.9% in the 3rd quarter. Impact Partnership Wealth LLC now owns 680 shares of the company's stock worth $118,000 after acquiring an additional 176 shares during the period. Founders Financial Securities LLC boosted its holdings in shares of L3Harris Technologies by 9.3% in the third quarter. Founders Financial Securities LLC now owns 1,588 shares of the company's stock valued at $277,000 after acquiring an additional 135 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of L3Harris Technologies by 8.4% during the third quarter. Exchange Traded Concepts LLC now owns 3,228 shares of the company's stock valued at $562,000 after acquiring an additional 251 shares during the period. Finally, ARK Investment Management LLC increased its stake in shares of L3Harris Technologies by 14.8% during the third quarter. ARK Investment Management LLC now owns 79,327 shares of the company's stock valued at $13,812,000 after acquiring an additional 10,227 shares during the period. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Down 0.2 %

Shares of NYSE LHX traded down $0.35 during mid-day trading on Thursday, reaching $207.36. 1,163,212 shares of the company traded hands, compared to its average volume of 1,113,452. The company's fifty day moving average is $210.11 and its two-hundred day moving average is $201.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.82 and a current ratio of 1.01. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $218.34. The stock has a market cap of $39.42 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65.

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

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a yield of 2.24%. L3Harris Technologies's payout ratio is presently 72.05%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LHX shares. Raymond James raised their price objective on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an "outperform" rating in a research report on Monday, January 29th. UBS Group boosted their price objective on L3Harris Technologies from $222.00 to $229.00 and gave the stock a "neutral" rating in a report on Monday, January 29th. Royal Bank of Canada boosted their price target on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Monday, January 29th. Wells Fargo & Company decreased their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an "overweight" rating for the company in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. raised shares of L3Harris Technologies from a "neutral" rating to an "overweight" rating and set a $240.00 target price on the stock in a research note on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $229.60.

Insider Buying and Selling

In related news, SVP Scott T. Mikuen sold 1,292 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $211.14, for a total transaction of $272,792.88. Following the completion of the transaction, the senior vice president now owns 58,617 shares of the company's stock, valued at approximately $12,376,393.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Scott T. Mikuen sold 1,292 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $211.14, for a total transaction of $272,792.88. Following the transaction, the senior vice president now owns 58,617 shares of the company's stock, valued at $12,376,393.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward J. Zoiss sold 3,707 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total transaction of $783,919.29. Following the transaction, the insider now owns 28,644 shares of the company's stock, valued at $6,057,346.68. The disclosure for this sale can be found here. Insiders have sold 48,362 shares of company stock worth $10,261,360 in the last quarter. 0.82% of the stock is currently owned by company insiders.

L3Harris Technologies Company Profile

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.