L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,278 shares of the company’s stock after selling 796 shares during the period. Atria Investments Inc’s holdings in L3Harris Technologies were worth $1,951,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in L3Harris Technologies by 5.2% during the 4th quarter. Assetmark Inc. now owns 18,572 shares of the company’s stock worth $3,905,000 after acquiring an additional 916 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in L3Harris Technologies in the 4th quarter valued at about $425,000. Laffer Tengler Investments Inc. raised its position in L3Harris Technologies by 21.6% in the 4th quarter. Laffer Tengler Investments Inc. now owns 29,487 shares of the company’s stock valued at $6,201,000 after purchasing an additional 5,246 shares in the last quarter. Victory Capital Management Inc. raised its position in L3Harris Technologies by 132.4% in the 4th quarter. Victory Capital Management Inc. now owns 280,540 shares of the company’s stock valued at $58,992,000 after purchasing an additional 159,806 shares in the last quarter. Finally, Keybank National Association OH raised its position in L3Harris Technologies by 17.6% in the 4th quarter. Keybank National Association OH now owns 15,621 shares of the company’s stock valued at $3,285,000 after purchasing an additional 2,343 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 3.1 %

L3Harris Technologies stock opened at $220.47 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74. The company has a market cap of $41.52 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The stock’s 50 day moving average price is $208.94 and its 200 day moving average price is $227.63.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, sell-side analysts predict that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $1.20 dividend. The ex-dividend date is Monday, March 10th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.16. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.18%. L3Harris Technologies’s payout ratio is 60.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LHX shares. Wells Fargo & Company reduced their price target on L3Harris Technologies from $269.00 to $268.00 and set an “overweight” rating on the stock in a research report on Friday. Citigroup cut their target price on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft cut their target price on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Bank of America cut their target price on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $289.00 to $267.00 in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.40.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the sale, the insider now directly owns 6,812 shares in the company, valued at approximately $1,455,383.80. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 4,901 shares of company stock worth $1,059,757 over the last three months. 0.87% of the stock is currently owned by corporate insiders.

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.