L3Harris Technologies Inc (LHX) To Go Ex-Dividend on December 4th

L3Harris Technologies Inc (NYSE:LHX) announced a quarterly dividend on Friday, October 23rd. Investors of record on Friday, December 4th will be paid a dividend of $1.25 per share on Friday, December 18th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th.

L3Harris Technologies has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 24 consecutive years. L3Harris Technologies has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect L3Harris Technologies to earn $13.39 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.3%.

L3Harris Technologies Trading Down 0.2%

Shares of LHX opened at $253.68 on Friday. L3Harris Technologies has a 1-year low of $232.34 and a 1-year high of $379.23. The company has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.59 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The firm’s 50 day simple moving average is $250.31 and its 200 day simple moving average is $287.12.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts forecast that L3Harris Technologies will post 11.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On L3Harris Technologies

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in L3Harris Technologies during the 2nd quarter valued at about $5,525,806,000. Bank of New York Mellon Corp bought a new position in shares of L3Harris Technologies during the second quarter valued at about $752,983,000. Deutsche Bank AG purchased a new stake in shares of L3Harris Technologies during the second quarter worth about $174,006,000. Man Group plc boosted its holdings in shares of L3Harris Technologies by 5,286.7% during the second quarter. Man Group plc now owns 563,720 shares of the company’s stock worth $163,811,000 after purchasing an additional 553,255 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in L3Harris Technologies in the 2nd quarter worth approximately $144,100,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.