Raymond James & Associates trimmed its position in shares of L3 Technologies Inc (NYSE:LLL) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,868 shares of the aerospace company’s stock after selling 3,857 shares during the period. Raymond James & Associates owned about 0.36% of L3 Technologies worth $55,174,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in LLL. Ameriprise Financial Inc. boosted its holdings in L3 Technologies by 221.3% in the third quarter. Ameriprise Financial Inc. now owns 1,137,399 shares of the aerospace company’s stock valued at $214,322,000 after purchasing an additional 783,446 shares in the last quarter. APG Asset Management N.V. boosted its holdings in L3 Technologies by 178.0% in the fourth quarter. APG Asset Management N.V. now owns 327,781 shares of the aerospace company’s stock valued at $54,007,000 after purchasing an additional 209,886 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in L3 Technologies by 206.7% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 165,695 shares of the aerospace company’s stock valued at $32,784,000 after purchasing an additional 111,676 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in L3 Technologies by 222.9% in the fourth quarter. Allianz Asset Management GmbH now owns 148,612 shares of the aerospace company’s stock valued at $29,403,000 after purchasing an additional 102,582 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in L3 Technologies by 163,014.0% in the fourth quarter. Thrivent Financial For Lutherans now owns 81,557 shares of the aerospace company’s stock valued at $16,136,000 after purchasing an additional 81,507 shares in the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.
Shares of L3 Technologies Inc (LLL) opened at $206.52 on Wednesday. The firm has a market capitalization of $16,017.92, a P/E ratio of 23.84, a PEG ratio of 2.59 and a beta of 1.23. L3 Technologies Inc has a fifty-two week low of $159.43 and a fifty-two week high of $218.71. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, February 28th. This is an increase from L3 Technologies’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 1.55%. L3 Technologies’s dividend payout ratio (DPR) is currently 37.60%.
In related news, insider Dan Azmon sold 1,772 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $203.82, for a total transaction of $361,169.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael T. Strianese sold 39,515 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $202.35, for a total value of $7,995,860.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 436,437 shares of company stock valued at $90,583,398. Corporate insiders own 2.90% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded L3 Technologies from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reaffirmed a “buy” rating and issued a $225.00 price target on shares of L3 Technologies in a report on Friday, January 26th. SunTrust Banks increased their price objective on L3 Technologies to $253.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $250.00 price objective on shares of L3 Technologies in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $215.30.
ILLEGAL ACTIVITY WARNING: “Raymond James & Associates Sells 3,857 Shares of L3 Technologies Inc (LLL)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/03/14/raymond-james-associates-sells-3857-shares-of-l3-technologies-inc-lll.html.
L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
Receive News & Ratings for L3 Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3 Technologies and related companies with MarketBeat.com's FREE daily email newsletter.