L3Harris Technologies Inc $LHX Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its position in L3Harris Technologies Inc (NYSE:LHX) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,417 shares of the company’s stock after purchasing an additional 521 shares during the quarter. Howe & Rusling Inc.’s holdings in L3Harris Technologies were worth $4,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Ensign Peak Advisors Inc raised its holdings in shares of L3Harris Technologies by 233.1% during the second quarter. Ensign Peak Advisors Inc now owns 79,391 shares of the company’s stock valued at $19,914,000 after buying an additional 55,554 shares during the last quarter. Empirical Finance LLC increased its position in L3Harris Technologies by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 6,786 shares of the company’s stock valued at $1,702,000 after acquiring an additional 44 shares during the period. Alteri Wealth LLC bought a new stake in L3Harris Technologies during the 2nd quarter valued at $308,000. TD Waterhouse Canada Inc. boosted its position in L3Harris Technologies by 27.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,667 shares of the company’s stock worth $420,000 after acquiring an additional 359 shares during the period. Finally, Wealthspire Advisors LLC grew its stake in shares of L3Harris Technologies by 6.2% in the second quarter. Wealthspire Advisors LLC now owns 1,310 shares of the company’s stock worth $329,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $285.42 on Thursday. The company has a 50-day moving average of $290.96 and a 200-day moving average of $268.21. The firm has a market cap of $53.39 billion, a price-to-earnings ratio of 31.89, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $308.12.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.10. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.34 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 17th. L3Harris Technologies’s dividend payout ratio is 51.56%.

Insider Buying and Selling at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the transaction, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. The trade was a 8.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on shares of L3Harris Technologies in a research note on Tuesday. They set a “neutral” rating and a $290.00 price objective on the stock. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Barclays upped their price target on shares of L3Harris Technologies from $255.00 to $305.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of L3Harris Technologies in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.29.

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.