L3Harris Technologies, Inc. (NYSE:LHX) Position Boosted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its position in L3Harris Technologies, Inc. (NYSE:LHXFree Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,991 shares of the company’s stock after purchasing an additional 338 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in L3Harris Technologies were worth $630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strong Tower Advisory Services increased its holdings in shares of L3Harris Technologies by 0.9% in the 4th quarter. Strong Tower Advisory Services now owns 5,363 shares of the company’s stock valued at $1,130,000 after acquiring an additional 49 shares during the last quarter. Blossom Wealth Management raised its holdings in shares of L3Harris Technologies by 2.1% during the fourth quarter. Blossom Wealth Management now owns 2,465 shares of the company’s stock worth $519,000 after purchasing an additional 51 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of L3Harris Technologies by 12.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 488 shares of the company’s stock worth $103,000 after buying an additional 53 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of L3Harris Technologies by 13.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 504 shares of the company’s stock valued at $106,000 after buying an additional 58 shares during the period. Finally, Twin Lakes Capital Management LLC grew its position in shares of L3Harris Technologies by 0.4% during the 3rd quarter. Twin Lakes Capital Management LLC now owns 14,695 shares of the company’s stock valued at $2,559,000 after buying an additional 60 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director William H. Swanson bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $215.35 per share, for a total transaction of $269,187.50. Following the acquisition, the director now directly owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director William H. Swanson acquired 1,250 shares of L3Harris Technologies stock in a transaction 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 purchase, the director now owns 1,543 shares of the company’s stock, valued at $332,285.05. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher E. Kubasik sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $225.11, for a total transaction of $5,627,750.00. Following the completion of the sale, the chief executive officer now owns 120,326 shares of the company’s stock, valued at approximately $27,086,585.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,655 shares of company stock worth $15,105,191. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LHX shares. Royal Bank of Canada lifted their target price on L3Harris Technologies from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company upped their price objective on L3Harris Technologies from $238.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Alembic Global Advisors raised shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price target for the company in a report on Monday, April 22nd. Citigroup increased their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and eleven 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 $231.80.

Get Our Latest Analysis on L3Harris Technologies

L3Harris Technologies Trading Up 2.6 %

Shares of LHX stock opened at $224.83 on Friday. The stock has a 50-day simple moving average of $213.30 and a 200 day simple moving average of $208.52. The stock has a market capitalization of $42.65 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.89 and a beta of 0.63. L3Harris Technologies, Inc. has a fifty-two week low of $160.25 and a fifty-two week high of $225.90. The company has a quick ratio of 0.80, a current ratio of 0.98 and a debt-to-equity ratio of 0.59.

L3Harris Technologies (NYSE:LHXGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.17. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.11 billion. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. L3Harris Technologies’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.86 EPS. On average, sell-side analysts expect that L3Harris Technologies, Inc. will post 12.89 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, June 4th. This represents a $4.64 annualized dividend and a dividend yield of 2.06%. L3Harris Technologies’s dividend payout ratio is currently 75.32%.

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.

Read More

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. (NYSE:LHXFree Report).

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

Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.