Raymond James & Associates Has $201.19 Million Position in L3Harris Technologies, Inc. (NYSE:LHX)

Raymond James & Associates grew its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 944,127 shares of the company's stock after acquiring an additional 30,479 shares during the period. Raymond James & Associates owned about 0.50% of L3Harris Technologies worth $201,193,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Strong Tower Advisory Services raised its position in shares of L3Harris Technologies by 0.9% in the fourth quarter. Strong Tower Advisory Services now owns 5,363 shares of the company's stock worth $1,130,000 after acquiring an additional 49 shares during the period. Blossom Wealth Management raised its position in shares of L3Harris Technologies by 2.1% in the fourth quarter. Blossom Wealth Management now owns 2,465 shares of the company's stock worth $519,000 after acquiring an additional 51 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of L3Harris Technologies by 12.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 488 shares of the company's stock worth $103,000 after purchasing an additional 53 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of L3Harris Technologies by 13.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 504 shares of the company's stock worth $106,000 after purchasing an additional 58 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its stake in shares of L3Harris Technologies by 3.8% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,622 shares of the company's stock worth $282,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the sale, the chief executive officer now directly owns 116,175 shares in the company, valued at approximately $24,654,658.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 40,000 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $212.22, for a total transaction of $8,488,800.00. Following the sale, the chief executive officer now directly owns 116,175 shares in the company, valued at approximately $24,654,658.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward J. Zoiss sold 3,707 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $211.47, for a total transaction of $783,919.29. Following the sale, the insider now owns 28,644 shares in the company, valued at $6,057,346.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,362 shares of company stock worth $10,261,360. 0.82% of the stock is currently owned by insiders.

L3Harris Technologies Trading Up 3.5 %

Shares of L3Harris Technologies stock traded up $7.18 during mid-day trading on Friday, hitting $214.54. The stock had a trading volume of 2,133,539 shares, compared to its average volume of 1,010,338. The firm has a 50-day moving average of $210.16 and a two-hundred day moving average of $201.44. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. L3Harris Technologies, Inc. has a 12-month low of $160.25 and a 12-month high of $218.34. The firm has a market cap of $40.79 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.89 by $0.17. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same period in the prior year, the business posted $2.86 EPS. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts forecast that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.16%. L3Harris Technologies's dividend payout ratio is currently 75.32%.

Analysts Set New Price Targets

A number of research firms have recently commented on LHX. JPMorgan Chase & Co. raised shares of L3Harris Technologies from a "neutral" rating to an "overweight" rating and set a $240.00 target price for the company in a research note on Thursday, January 11th. StockNews.com cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Wells Fargo & Company cut their target price 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. Alembic Global Advisors raised shares of L3Harris Technologies from a "neutral" rating to an "overweight" rating and set a $238.00 target price for the company in a research note on Monday, April 22nd. Finally, UBS Group boosted their target price on shares of L3Harris Technologies from $222.00 to $229.00 and gave the stock a "neutral" rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.