L3Harris Technologies Inc $LHX Holdings Raised by Rothschild Investment LLC

Rothschild Investment LLC raised its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 86.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 424 shares of the company’s stock after purchasing an additional 197 shares during the period. Rothschild Investment LLC’s holdings in L3Harris Technologies were worth $106,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in L3Harris Technologies during the first quarter valued at $299,157,000. Bank of New York Mellon Corp raised its stake in shares of L3Harris Technologies by 52.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,117,030 shares of the company’s stock worth $1,032,716,000 after purchasing an additional 1,413,833 shares in the last quarter. AGF Management Ltd. purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth about $324,940,000. Boston Partners lifted its holdings in shares of L3Harris Technologies by 71.8% during the 2nd quarter. Boston Partners now owns 1,999,316 shares of the company’s stock valued at $503,434,000 after buying an additional 835,651 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of L3Harris Technologies by 946.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 784,948 shares of the company’s stock valued at $164,297,000 after buying an additional 709,948 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the sale, the chief executive officer owned 144,426 shares of the company’s stock, valued at $43,479,447.30. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LHX. Citigroup raised their price objective on shares of L3Harris Technologies from $300.00 to $323.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Barclays raised their price target on shares of L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Truist Financial increased their target price on shares of L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, BNP Paribas Exane started coverage on L3Harris Technologies in a research report on Tuesday. They issued a “neutral” rating and a $290.00 price target for the company. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $295.29.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $285.42 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $290.96 and a 200-day simple moving average of $268.21. The stock has a market capitalization of $53.39 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.09 and a beta of 0.75. L3Harris Technologies Inc has a 1-year low of $193.09 and a 1-year high of $308.12.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, October 30th. The company reported $2.70 earnings per share 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 during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the business earned $3.34 EPS. The business’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. On average, sell-side analysts expect that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Announces Dividend

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

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.