L3Harris Technologies Inc $LHX Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,686 shares of the company’s stock after selling 224 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in L3Harris Technologies were worth $1,175,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Cyndeo Wealth Partners LLC increased its position in L3Harris Technologies by 2.7% during the second quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock worth $350,000 after buying an additional 37 shares during the period. Independence Bank of Kentucky grew its position in shares of L3Harris Technologies by 44.4% during the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 40 shares during the last quarter. DB Fitzpatrick & Co Inc increased its holdings in shares of L3Harris Technologies by 1.0% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 4,450 shares of the company’s stock valued at $1,116,000 after acquiring an additional 42 shares during the period. Riverbend Wealth Management LLC increased its holdings in shares of L3Harris Technologies by 4.3% in the 2nd quarter. Riverbend Wealth Management LLC now owns 1,027 shares of the company’s stock valued at $258,000 after acquiring an additional 42 shares during the period. Finally, Klingman & Associates LLC raised its position in L3Harris Technologies by 2.2% in the 2nd quarter. Klingman & Associates LLC now owns 1,986 shares of the company’s stock valued at $498,000 after purchasing an additional 42 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Performance

Shares of LHX opened at $290.67 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a 52-week low of $193.09 and a 52-week high of $308.12. The company has a 50-day simple moving average of $288.06 and a 200-day simple moving average of $264.11. The company has a market capitalization of $54.37 billion, a PE ratio of 32.48, a P/E/G ratio of 2.09 and a beta of 0.75.

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

L3Harris Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Monday, July 14th. Royal Bank Of Canada raised their price target on L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Morgan Stanley upped their price objective on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on L3Harris Technologies from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $295.63.

Insiders Place Their Bets

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 145,578 shares of the company’s stock, valued at $40,747,282.20. This trade represents a 36.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

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.