Ieq Capital LLC Has $2.33 Million Position in L3Harris Technologies, Inc. (NYSE:LHX)

Ieq Capital LLC decreased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 23.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,059 shares of the company’s stock after selling 3,303 shares during the quarter. Ieq Capital LLC’s holdings in L3Harris Technologies were worth $2,325,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of L3Harris Technologies by 29.9% during the third quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company’s stock worth $184,245,000 after acquiring an additional 178,407 shares during the last quarter. International Assets Investment Management LLC raised its holdings in L3Harris Technologies by 23,627.0% during the 3rd quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock worth $40,580,000 after purchasing an additional 169,878 shares during the last quarter. Mizuho Markets Americas LLC boosted its stake in shares of L3Harris Technologies by 25.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company’s stock valued at $195,704,000 after purchasing an additional 166,262 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth approximately $35,904,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of L3Harris Technologies by 156.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 148,236 shares of the company’s stock worth $35,259,000 after buying an additional 90,370 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the completion of the transaction, the insider now owns 6,812 shares of the company’s stock, valued at $1,455,383.80. This represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 4,901 shares of company stock worth $1,059,757. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LHX. StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Raymond James lowered L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Tuesday, November 26th. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their target price for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $240.00 target price on shares of L3Harris Technologies in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.67.

L3Harris Technologies Stock Up 1.0 %

L3Harris Technologies stock opened at $199.13 on Monday. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $210.26 and a 200-day moving average of $229.10. The stock has a market capitalization of $37.50 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, equities research analysts anticipate that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

About L3Harris Technologies

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.