L3Harris Technologies, Inc. (NYSE:LHX) Stock Holdings Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,551 shares of the company’s stock after buying an additional 187 shares during the period. Atria Wealth Solutions Inc.’s holdings in L3Harris Technologies were worth $2,433,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LHX. Strong Tower Advisory Services grew its position in L3Harris Technologies by 0.9% in the fourth quarter. Strong Tower Advisory Services now owns 5,363 shares of the company’s stock worth $1,130,000 after buying an additional 49 shares during the last quarter. Blossom Wealth Management raised its position in shares of L3Harris Technologies by 2.1% during the fourth quarter. Blossom Wealth Management now owns 2,465 shares of the company’s stock worth $519,000 after purchasing an additional 51 shares during the period. Parkside Financial Bank & Trust raised its position in shares of L3Harris Technologies by 13.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 504 shares of the company’s stock worth $106,000 after purchasing an additional 58 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in shares of L3Harris Technologies by 3.8% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $282,000 after purchasing an additional 59 shares during the last quarter. Finally, Sky Investment Group LLC boosted its position in shares of L3Harris Technologies by 4.2% in the 3rd quarter. Sky Investment Group LLC now owns 1,495 shares of the company’s stock valued at $260,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LHX shares. Wells Fargo & Company cut their price objective on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Raymond James upped their price target on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Royal Bank of Canada lifted their price objective on shares of L3Harris Technologies from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup increased their target price on L3Harris Technologies from $238.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Alembic Global Advisors upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price target on the stock in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $229.93.

Insider Transactions at L3Harris Technologies

In related news, Director William H. Swanson bought 1,250 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $215.35 per share, for a total transaction of $269,187.50. Following the acquisition, the director now owns 1,543 shares in the company, valued at $332,285.05. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Christopher E. Kubasik sold 40,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $212.22, for a total value of $8,488,800.00. Following the transaction, the chief executive officer now directly owns 116,175 shares in the company, valued at approximately $24,654,658.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Swanson bought 1,250 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $215.35 per share, for a total transaction of $269,187.50. Following the acquisition, the director now directly owns 1,543 shares in the company, valued at $332,285.05. The disclosure for this purchase can be found here. In the last quarter, insiders sold 48,362 shares of company stock worth $10,261,360. 0.87% of the stock is owned by corporate insiders.

L3Harris Technologies Trading Up 1.2 %

NYSE:LHX opened at $217.07 on Tuesday. The company has a market capitalization of $41.27 billion, a P/E ratio of 35.24, a P/E/G ratio of 1.99 and a beta of 0.65. The stock’s 50 day moving average price is $210.26 and its 200 day moving average price is $201.92. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 0.98. L3Harris Technologies, Inc. has a 52 week low of $160.25 and a 52 week high of $218.34.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, April 25th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.89 by $0.17. L3Harris Technologies had a net margin of 5.82% and a return on equity of 12.82%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the business posted $2.86 EPS. L3Harris Technologies’s quarterly revenue was up 16.6% on a year-over-year basis. On average, research analysts forecast that L3Harris Technologies, Inc. will post 12.76 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.14%. L3Harris Technologies’s dividend payout ratio is currently 75.32%.

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.