Banque Cantonale Vaudoise Reduces Stock Position in L3Harris Technologies Inc $LHX

Banque Cantonale Vaudoise trimmed its holdings in L3Harris Technologies Inc (NYSE:LHX) by 17.1% during the first quarter, HoldingsChannel.com reports. The firm owned 10,727 shares of the company’s stock after selling 2,205 shares during the period. Banque Cantonale Vaudoise’s holdings in L3Harris Technologies were worth $3,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LHX. REAP Financial Group LLC raised its holdings in L3Harris Technologies by 12.9% in the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock valued at $74,000 after acquiring an additional 29 shares in the last quarter. Burns J W & Co. Inc. NY grew its holdings in L3Harris Technologies by 3.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock worth $290,000 after acquiring an additional 30 shares in the last quarter. American National Bank & Trust increased its position in shares of L3Harris Technologies by 44.8% in the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. CYBER HORNET ETFs LLC increased its position in shares of L3Harris Technologies by 5.8% in the 4th quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after purchasing an additional 30 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC raised its stake in shares of L3Harris Technologies by 3.7% in the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock valued at $253,000 after purchasing an additional 31 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $288.55 on Friday. The company has a market cap of $53.75 billion, a PE ratio of 31.33, a P/E/G ratio of 1.45 and a beta of 0.50. L3Harris Technologies Inc has a fifty-two week low of $245.12 and a fifty-two week high of $379.23. The firm has a 50-day simple moving average of $312.13 and a 200 day simple moving average of $328.79. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (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 for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the company posted $2.41 earnings per share. L3Harris Technologies’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.7%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LHX. UBS Group reduced their price target on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Transactions at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by insiders.

L3Harris Technologies Company 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.