L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC increased its position in shares of L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,009 shares of the company’s stock after acquiring an additional 5,052 shares during the quarter. WealthShield Partners LLC’s holdings in L3Harris Technologies were worth $3,372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LHX. Acadian Asset Management LLC boosted its holdings in shares of L3Harris Technologies by 283.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,103 shares of the company’s stock valued at $272,000 after purchasing an additional 815 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of L3Harris Technologies in the 1st quarter valued at $8,013,000. Sei Investments Co. boosted its holdings in shares of L3Harris Technologies by 14.2% in the 1st quarter. Sei Investments Co. now owns 62,374 shares of the company’s stock valued at $15,643,000 after purchasing an additional 7,773 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of L3Harris Technologies by 18.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,372 shares of the company’s stock valued at $838,000 after acquiring an additional 537 shares in the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of L3Harris Technologies by 16.7% during the 1st quarter. Brighton Jones LLC now owns 1,230 shares of the company’s stock valued at $306,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insiders Place Their Bets

In other L3Harris Technologies news, SVP Scott T. Mikuen sold 1,292 shares of the 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 in the company, valued at approximately $12,376,393.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Edward J. Zoiss sold 3,707 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $211.47, for a total value of $783,919.29. Following the completion of the sale, the insider now directly owns 28,644 shares in the company, valued at approximately $6,057,346.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Scott T. Mikuen sold 1,292 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $211.14, for a total transaction of $272,792.88. Following the sale, the senior vice president now owns 58,617 shares of the company’s stock, valued at $12,376,393.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,362 shares of company stock valued at $10,261,360. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LHX. Wells Fargo & Company reduced their target price on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. TheStreet raised shares of L3Harris Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. StockNews.com downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Raymond James lifted their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, 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 report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.00.

Read Our Latest Stock Analysis on L3Harris Technologies

L3Harris Technologies Stock Performance

L3Harris Technologies stock traded down $2.00 during mid-day trading on Wednesday, reaching $203.20. The company had a trading volume of 775,551 shares, compared to its average volume of 1,127,665. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34. The firm has a market cap of $38.63 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 1.94 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 company has a 50 day moving average of $211.24 and a 200-day moving average of $197.40.

L3Harris Technologies (NYSE:LHXGet 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 net margin of 6.32% and a return on equity of 12.68%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the company posted $3.27 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $1.16 per share. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.14. The ex-dividend date was Thursday, March 7th. This represents a $4.64 annualized dividend and a yield of 2.28%. L3Harris Technologies’s dividend payout ratio is currently 72.05%.

L3Harris Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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