Caldwell Trust Co Has $1.24 Million Stock Holdings in L3Harris Technologies Inc $LHX

Caldwell Trust Co grew its stake in L3Harris Technologies Inc (NYSE:LHX) by 216.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,593 shares of the company’s stock after acquiring an additional 2,457 shares during the period. Caldwell Trust Co’s holdings in L3Harris Technologies were worth $1,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LHX. Fideuram Asset Management Ireland dac bought a new position in L3Harris Technologies in the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $25,000. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter valued at approximately $28,000. Finally, American National Bank & Trust grew its stake in shares of L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 1.0%

LHX opened at $291.45 on Friday. The stock’s fifty day simple moving average is $310.84 and its 200 day simple moving average is $328.53. L3Harris Technologies Inc has a 1-year low of $245.12 and a 1-year high of $379.23. The stock has a market cap of $54.29 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.50. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the previous year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, research analysts expect that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is presently 54.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LHX shares. Sanford C. Bernstein lowered their target price on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. UBS Group decreased their price objective on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $354.75.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the transaction, the vice president owned 4,192 shares in the company, valued at approximately $1,301,406.40. This represents a 34.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.68% of the company’s stock.

L3Harris Technologies Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.