Bar Harbor Wealth Management Acquires 60 Shares of L3Harris Technologies Inc $LHX

Bar Harbor Wealth Management lifted its holdings in L3Harris Technologies Inc (NYSE:LHX) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,249 shares of the company’s stock after purchasing an additional 60 shares during the period. Bar Harbor Wealth Management’s holdings in L3Harris Technologies were worth $4,578,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Citizens National Bank Trust Department lifted its stake in shares of L3Harris Technologies by 5.2% in the 2nd quarter. Citizens National Bank Trust Department now owns 6,861 shares of the company’s stock worth $1,721,000 after purchasing an additional 337 shares during the period. REAP Financial Group LLC increased its holdings in L3Harris Technologies by 56.3% in the 2nd quarter. REAP Financial Group LLC now owns 200 shares of the company’s stock worth $50,000 after acquiring an additional 72 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in L3Harris Technologies by 12.2% in the 2nd quarter. Venturi Wealth Management LLC now owns 4,943 shares of the company’s stock worth $1,240,000 after acquiring an additional 538 shares in the last quarter. BankPlus Trust Department increased its holdings in L3Harris Technologies by 6.9% in the 2nd quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock worth $1,468,000 after acquiring an additional 379 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in L3Harris Technologies by 12.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 8,110 shares of the company’s stock worth $2,034,000 after acquiring an additional 866 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LHX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of L3Harris Technologies in a report on Wednesday. Susquehanna increased their target price on shares of L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Wednesday. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Finally, Citigroup increased their target price on shares of L3Harris Technologies from $300.00 to $323.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $279.47.

Insider Transactions at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the sale, the chief executive officer directly owned 145,578 shares in the company, valued at $40,747,282.20. This trade represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 195,138 shares of company stock valued at $53,571,774 in the last ninety days. 0.72% of the stock is owned by company insiders.

L3Harris Technologies Stock Up 1.8%

NYSE LHX opened at $306.83 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market capitalization of $57.41 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.20 and a beta of 0.76. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $306.83. The stock has a 50 day moving average price of $280.99 and a 200-day moving average price of $251.50.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.30. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. As a group, equities analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were given a $1.20 dividend. The ex-dividend date was Friday, September 5th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 53.63%.

L3Harris Technologies 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.