Insider Selling: L3Harris Technologies (NYSE:LHX) Insider Sells $2,047,128.96 in Stock

L3Harris Technologies Inc (NYSE:LHX) insider Jon Rambeau sold 5,528 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider owned 7,660 shares in the company, valued at approximately $2,836,651.20. This trade represents a 41.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $368.63 on Thursday. The company has a market cap of $68.85 billion, a P/E ratio of 43.22, a PEG ratio of 2.65 and a beta of 0.63. The business has a 50 day moving average of $339.91 and a two-hundred day moving average of $304.55. L3Harris Technologies Inc has a 52 week low of $195.72 and a 52 week high of $379.23. The company has a quick ratio of 1.02, a current ratio of 1.19 and a debt-to-equity ratio of 0.53.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.10. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the business posted $3.47 EPS. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts anticipate that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $1.25 per share. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, March 6th. L3Harris Technologies’s payout ratio is currently 56.27%.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Management split and CFO appointment positions Missile Solutions for faster scale-up and an eventual IPO — Kenneth Sharp will become CFO while Ken Bedingfield will focus full‑time on leading Missile Solutions and ramping solid‑rocket motor production to meet urgent demand, a clear strategic prioritization that can re‑rate the segment and unlock value. L3Harris Appoints Ken Sharp…
• Positive Sentiment: Analyst upgrade and price‑target increases helped push LHX to a new 12‑month high, validating momentum and likely attracting short‑term buyers and momentum flows. L3Harris Sets New 12-Month High…
• Positive Sentiment: Citi reiterates a missile/armaments “megatrend” and flags L3Harris as a beneficiary, supporting a longer‑term demand thesis for missile systems and interceptors which underpins higher revenue and capex visibility. Missile ‘megatrend’ still underestimated…
• Positive Sentiment: L3Harris selected Intuitive Machines’ Lanteris Space Systems to support SDA Tranche 3 spacecraft platforms — a contract/partnering win that supports the company’s space‑systems backlog and program diversity. Intuitive Machines Selected…
• Neutral Sentiment: Opinion coverage questions valuation after an ~81% one‑year run; useful for positioning but not new company‑specific fundamentals—signals some investors are debating whether upside is already priced in. Is It Too Late To Consider L3Harris…
• Negative Sentiment: Insider selling: multiple disclosed sales (Samir Mehta and Jon Rambeau each sold 5,528 shares; VP Melanie Rakita sold multiple tranches totaling ~3,129 shares). Large insider exits can weigh on sentiment even if sales are for personal/liquidity reasons. Insider Jon Rambeau Sells…
• Negative Sentiment: Additional filings detail Melanie Rakita’s earlier sale and larger reduction in her stake — repeated insider reductions may increase short‑term selling pressure or caution among some investors. Melanie Rakita Sells 751 Shares…

Institutional Investors Weigh In On L3Harris Technologies

Large investors have recently made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of L3Harris Technologies during the 3rd quarter worth about $10,667,000. Merit Financial Group LLC raised its position in shares of L3Harris Technologies by 55.9% in the third quarter. Merit Financial Group LLC now owns 9,989 shares of the company’s stock valued at $3,051,000 after purchasing an additional 3,583 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in L3Harris Technologies by 13.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock worth $9,230,000 after acquiring an additional 3,532 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of L3Harris Technologies by 32.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 21,324 shares of the company’s stock worth $6,513,000 after purchasing an additional 5,239 shares during the last quarter. Finally, Crystal Rock Capital Management acquired a new position in shares of L3Harris Technologies during the third quarter worth approximately $1,993,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Citigroup boosted their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. BNP Paribas Exane raised L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Finally, TD Cowen reiterated a “buy” rating on shares of L3Harris Technologies in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $328.57.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.