Clarius Group LLC Has $259,000 Stock Position in L3Harris Technologies Inc $LHX

Clarius Group LLC cut its holdings in L3Harris Technologies Inc (NYSE:LHX) by 7.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,031 shares of the company’s stock after selling 86 shares during the period. Clarius Group LLC’s holdings in L3Harris Technologies were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Independence Bank of Kentucky boosted its stake in shares of L3Harris Technologies by 44.4% during the 2nd quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after buying an additional 40 shares during the last quarter. DB Fitzpatrick & Co Inc boosted its position in L3Harris Technologies by 1.0% during the second quarter. DB Fitzpatrick & Co Inc now owns 4,450 shares of the company’s stock valued at $1,116,000 after purchasing an additional 42 shares during the last quarter. Norway Savings Bank grew its stake in L3Harris Technologies by 3.0% in the second quarter. Norway Savings Bank now owns 1,490 shares of the company’s stock valued at $374,000 after purchasing an additional 44 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of L3Harris Technologies by 3.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,253 shares of the company’s stock worth $314,000 after purchasing an additional 45 shares during the last quarter. Finally, BankPlus Wealth Management LLC boosted its holdings in shares of L3Harris Technologies by 2.2% in the 2nd quarter. BankPlus Wealth Management LLC now owns 2,106 shares of the company’s stock valued at $528,000 after buying an additional 45 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $40,747,282.20. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 195,138 shares of company stock valued at $53,571,774. 0.72% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Up 1.9%

LHX stock opened at $302.99 on Tuesday. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $305.94. The business has a 50-day simple moving average of $279.74 and a 200 day simple moving average of $250.77. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. The company has a market cap of $56.69 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76.

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

L3Harris Technologies Dividend Announcement

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

Analysts Set New Price Targets

LHX has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of L3Harris Technologies from $255.00 to $305.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price objective on shares of L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Truist Financial upped their target price on shares of L3Harris Technologies from $279.00 to $302.00 and gave the company a “buy” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b-)” rating on shares of L3Harris Technologies in a research note on Saturday, September 27th. Finally, Citigroup boosted their target price on 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. Based on data from MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $279.47.

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.