Harbour Investment Management LLC Has $2.80 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Harbour Investment Management LLC trimmed its position in L3Harris Technologies, Inc. (NYSE:LHX) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,334 shares of the company’s stock after selling 100 shares during the period. L3Harris Technologies makes up approximately 1.2% of Harbour Investment Management LLC’s holdings, making the stock its 26th biggest holding. Harbour Investment Management LLC’s holdings in L3Harris Technologies were worth $2,804,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. First National Trust Co grew its stake in shares of L3Harris Technologies by 5.0% during the 4th quarter. First National Trust Co now owns 28,426 shares of the company’s stock worth $5,977,000 after acquiring an additional 1,342 shares in the last quarter. Carret Asset Management LLC lifted its holdings in L3Harris Technologies by 3.0% during the 4th quarter. Carret Asset Management LLC now owns 18,708 shares of the company’s stock valued at $3,934,000 after purchasing an additional 540 shares during the last quarter. Wellington Shields Capital Management LLC lifted its holdings in L3Harris Technologies by 4.0% during the 4th quarter. Wellington Shields Capital Management LLC now owns 10,155 shares of the company’s stock valued at $2,135,000 after purchasing an additional 386 shares during the last quarter. Atala Financial Inc acquired a new stake in L3Harris Technologies during the 4th quarter valued at $376,000. Finally, Impact Capital Partners LLC acquired a new stake in L3Harris Technologies during the 4th quarter valued at $270,000. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX opened at $211.42 on Friday. The business has a 50-day moving average price of $209.26 and a 200-day moving average price of $227.04. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

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

L3Harris Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.20 per share. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, March 10th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 60.99%.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.62, for a total value of $394,465.68. Following the completion of the sale, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. This trade represents a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the sale, the insider now directly owns 30,620 shares of the company’s stock, valued at approximately $6,475,517.60. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,862 shares of company stock valued at $2,155,054. 0.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LHX. Wells Fargo & Company dropped their target price on L3Harris Technologies from $269.00 to $268.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Citigroup decreased 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. Susquehanna lowered their price objective on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded L3Harris Technologies from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $240.00 price target on shares of L3Harris Technologies in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $261.40.

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.