Mcdonald Partners LLC Sells 2,159 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Mcdonald Partners LLC trimmed its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,932 shares of the company’s stock after selling 2,159 shares during the period. L3Harris Technologies makes up 1.1% of Mcdonald Partners LLC’s investment portfolio, making the stock its 21st largest holding. Mcdonald Partners LLC’s holdings in L3Harris Technologies were worth $4,191,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in L3Harris Technologies by 764.6% in the fourth quarter. Venturi Wealth Management LLC now owns 4,254 shares of the company’s stock worth $895,000 after purchasing an additional 3,762 shares during the period. Empower Advisory Group LLC boosted its position in shares of L3Harris Technologies by 2.4% during the 4th quarter. Empower Advisory Group LLC now owns 370,315 shares of the company’s stock worth $77,870,000 after purchasing an additional 8,840 shares in the last quarter. Wealth Quarterback LLC grew its stake in shares of L3Harris Technologies by 4.2% in the 4th quarter. Wealth Quarterback LLC now owns 2,078 shares of the company’s stock valued at $437,000 after buying an additional 84 shares during the period. CIBC Asset Management Inc increased its position in L3Harris Technologies by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 29,046 shares of the company’s stock valued at $6,108,000 after buying an additional 1,242 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in L3Harris Technologies by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 31,025 shares of the company’s stock worth $6,579,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $240.00 price objective on shares of L3Harris Technologies in a research note on Friday, January 31st. Bank of America reduced their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Morgan Stanley reduced their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $262.67.

L3Harris Technologies Stock Down 1.0 %

LHX opened at $198.02 on Tuesday. L3Harris Technologies, Inc. has a twelve month low of $196.67 and a twelve month high of $265.74. The company’s 50-day moving average price is $212.67 and its two-hundred day moving average price is $229.97. The stock has a market cap of $37.56 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 1.75 and a beta of 0.76. 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 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 analysts expect that L3Harris Technologies, Inc. will post 11.19 earnings per share for the current year.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the sale, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 4,901 shares of company stock worth $1,059,757. 0.82% of the stock is owned by company 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.