Vise Technologies Inc. Makes New $1.42 Million Investment in L3Harris Technologies Inc $LHX

Vise Technologies Inc. bought a new position in shares of L3Harris Technologies Inc (NYSE:LHX) in the second quarter, HoldingsChannel reports. The firm bought 5,655 shares of the company’s stock, valued at approximately $1,419,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Kiker Wealth Management LLC lifted its position in L3Harris Technologies by 137.0% in the 2nd quarter. Kiker Wealth Management LLC now owns 109 shares of the company’s stock valued at $27,000 after acquiring an additional 63 shares in the last quarter. Clearstead Trust LLC acquired a new stake in shares of L3Harris Technologies in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in shares of L3Harris Technologies in the first quarter valued at about $26,000. Harbor Asset Planning Inc. bought a new stake in shares of L3Harris Technologies in the second quarter valued at about $32,000. Finally, Independence Bank of Kentucky boosted its position in 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 acquiring an additional 40 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 145,578 shares of the company’s stock, valued at approximately $40,747,282.20. This trade represents a 36.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $295.93 on Thursday. The stock has a market capitalization of $55.35 billion, a PE ratio of 33.20, a PEG ratio of 2.09 and a beta of 0.75. The business’s 50 day simple moving average is $289.53 and its 200 day simple moving average is $265.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 0.87. L3Harris Technologies Inc has a one year low of $193.09 and a one 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.10. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. L3Harris Technologies’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.34 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. As a group, research analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 17th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. L3Harris Technologies’s payout ratio is 51.56%.

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of L3Harris Technologies from $300.00 to $323.00 and gave the company a “buy” rating in a report on Friday, July 25th. Truist Financial lifted their price objective on L3Harris Technologies from $302.00 to $353.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada increased their target price on L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Barclays increased their price objective on shares of L3Harris Technologies from $255.00 to $305.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $295.63.

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.