5,452 Shares in L3Harris Technologies Inc $LHX Purchased by Keeler Thomas Management LLC

Keeler Thomas Management LLC bought a new stake in L3Harris Technologies Inc (NYSE:LHX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,452 shares of the company’s stock, valued at approximately $1,368,000.

A number of other hedge funds also recently bought and sold shares of LHX. Sage Mountain Advisors LLC boosted its stake in L3Harris Technologies by 85.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,067 shares of the company’s stock valued at $518,000 after purchasing an additional 953 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of L3Harris Technologies by 4.7% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 548,836 shares of the company’s stock valued at $137,670,000 after purchasing an additional 24,509 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in L3Harris Technologies by 2.9% in the second quarter. Jackson Hole Capital Partners LLC now owns 10,745 shares of the company’s stock worth $2,695,000 after acquiring an additional 302 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of L3Harris Technologies by 0.9% during the second quarter. Asset Management One Co. Ltd. now owns 76,956 shares of the company’s stock valued at $19,304,000 after buying an additional 676 shares during the period. Finally, Strata Wealth Advisors LLC bought a new position in L3Harris Technologies in the second quarter worth approximately $242,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

LHX stock opened at $293.22 on Friday. The stock has a market cap of $54.86 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.14 and a beta of 0.76. The firm has a 50 day simple moving average of $285.35 and a 200 day simple moving average of $258.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $308.12.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.30. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.24 earnings per share. Research analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 17th will be paid a dividend of $1.20 per share. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s payout ratio is currently 53.63%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna upped their price target on shares of L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a report on Friday, July 25th. UBS Group raised their price objective on shares of L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Royal Bank Of Canada raised 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 report on Friday, July 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Monday, July 14th. Thirteen 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, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $287.63.

Insider Activity at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $279.90, for a total value of $23,231,700.00. Following the sale, the chief executive officer owned 145,578 shares in the company, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 195,138 shares of company stock valued at $53,571,774. 0.72% of the stock is currently 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.