Patrick M Sweeney & Associates Inc. Increases Position in L3Harris Technologies, Inc. (NYSE:LHX)

Patrick M Sweeney & Associates Inc. raised its position in L3Harris Technologies, Inc. (NYSE:LHX) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,048 shares of the company’s stock after purchasing an additional 192 shares during the period. Patrick M Sweeney & Associates Inc.’s holdings in L3Harris Technologies were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LHX. Archer Investment Corp increased its position in shares of L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company’s stock valued at $31,000 after purchasing an additional 43 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $33,000. Kennebec Savings Bank purchased a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $36,000. Trust Co. of Vermont increased its position in shares of L3Harris Technologies by 78.9% in the 4th quarter. Trust Co. of Vermont now owns 195 shares of the company’s stock valued at $41,000 after purchasing an additional 86 shares during the last quarter. Finally, MCF Advisors LLC grew its position in shares of L3Harris Technologies by 84.0% in the 4th quarter. MCF Advisors LLC now owns 241 shares of the company’s stock valued at $51,000 after buying an additional 110 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 2,988 shares of L3Harris Technologies stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $247.93, for a total transaction of $740,814.84. Following the completion of the sale, the insider now directly owns 10,340 shares in the company, valued at $2,563,596.20. The trade was a 22.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 7,889 shares of company stock worth $1,800,572. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LHX has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Truist Financial dropped their target price on shares of L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Raymond James downgraded shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Finally, Bank of America raised shares of L3Harris Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $300.00 in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.19.

L3Harris Technologies Stock Up 1.7 %

Shares of NYSE LHX opened at $222.31 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $223.62 and a 200 day moving average price of $232.90. L3Harris Technologies, Inc. has a 52 week low of $200.18 and a 52 week high of $265.74. The stock has a market capitalization of $42.16 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75.

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.