L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 79.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,382 shares of the company's stock after acquiring an additional 5,473 shares during the period. Private Advisor Group LLC's holdings in L3Harris Technologies were worth $2,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. MeadowBrook Investment Advisors LLC purchased a new stake in shares of L3Harris Technologies in the 4th quarter worth $824,000. Summit Trail Advisors LLC boosted its holdings in L3Harris Technologies by 2.9% in the 4th quarter. Summit Trail Advisors LLC now owns 3,832 shares of the company's stock worth $807,000 after buying an additional 108 shares during the period. Clifford Swan Investment Counsel LLC purchased a new stake in L3Harris Technologies in the 4th quarter worth $363,000. Rollins Financial purchased a new position in shares of L3Harris Technologies in the fourth quarter valued at about $217,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of L3Harris Technologies during the fourth quarter worth about $214,000. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 0.1 %

Shares of NYSE:LHX traded up $0.11 during trading hours on Friday, hitting $219.60. The company's stock had a trading volume of 623,826 shares, compared to its average volume of 1,012,423. The firm's fifty day moving average price is $210.73 and its 200 day moving average price is $204.12. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $219.91. The company has a market capitalization of $41.65 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.98 and a quick ratio of 0.80.

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 analysts' consensus estimates of $2.89 by $0.17. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the firm posted $2.86 earnings per share. L3Harris Technologies's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts expect that L3Harris Technologies, Inc. will post 12.92 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $4.64 dividend on an annualized basis and a yield of 2.11%. L3Harris Technologies's dividend payout ratio is presently 75.32%.

Insider Buying and Selling at L3Harris Technologies

In other news, Director William H. Swanson acquired 1,250 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the purchase, the director now directly owns 1,543 shares in the company, valued at approximately $332,285.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Edward J. Zoiss sold 3,707 shares of the business's stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Swanson acquired 1,250 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, 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. Over the last ninety days, insiders sold 48,362 shares of company stock valued at $10,261,360. 0.82% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LHX has been the subject of a number of research reports. UBS Group upped their target price 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. StockNews.com cut shares of L3Harris Technologies from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. Citigroup boosted their target price on shares of L3Harris Technologies from $238.00 to $245.00 and gave the stock a "buy" rating in a report on Tuesday, February 13th. Raymond James lifted their price target on L3Harris Technologies from $220.00 to $235.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th. Finally, Barclays raised their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the company an "overweight" rating in a research note on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.80.

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.