denkapparat Operations GmbH Has $1.64 Million Holdings in L3Harris Technologies Inc $LHX

denkapparat Operations GmbH raised its position in L3Harris Technologies Inc (NYSE:LHX) by 236.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,636 shares of the company’s stock after purchasing an additional 3,960 shares during the period. denkapparat Operations GmbH’s holdings in L3Harris Technologies were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $25,000. Cedar Mountain Advisors LLC grew its position in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after buying an additional 74 shares in the last quarter. Finally, Abound Financial LLC bought a new position in L3Harris Technologies during the 4th quarter worth $29,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 0.0%

Shares of LHX stock opened at $261.35 on Friday. L3Harris Technologies Inc has a fifty-two week low of $258.54 and a fifty-two week high of $379.23. The stock’s fifty day moving average price is $283.48 and its two-hundred day moving average price is $315.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market cap of $48.67 billion, a PE ratio of 26.40, a P/E/G ratio of 1.67 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last posted 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. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the previous year, the firm earned $2.78 EPS. L3Harris Technologies’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 1.9%. L3Harris Technologies’s payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

LHX has been the subject of several analyst reports. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. BNP Paribas Exane dropped their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. UBS Group cut their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Susquehanna reduced their price objective on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Finally, Jefferies Financial Group lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $360.45.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.