L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. trimmed its stake in L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,850 shares of the company’s stock after selling 1,112 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in L3Harris Technologies were worth $4,435,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wagner Wealth Management LLC grew its position in shares of L3Harris Technologies by 296.9% in the fourth quarter. Wagner Wealth Management LLC now owns 127 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at $32,000. Lloyd Advisory Services LLC. purchased a new stake in shares of L3Harris Technologies in the first quarter valued at $35,000. Selective Wealth Management Inc. grew its position in shares of L3Harris Technologies by 317.1% in the first quarter. Selective Wealth Management Inc. now owns 171 shares of the company’s stock valued at $42,000 after purchasing an additional 130 shares during the period. Finally, Sandy Cove Advisors LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at $44,000. 80.15% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 0.4 %

Shares of NYSE LHX traded up $1.04 on Tuesday, hitting $232.79. The company had a trading volume of 23,299 shares, compared to its average volume of 1,092,980. L3Harris Technologies, Inc. has a 12-month low of $200.71 and a 12-month high of $279.71. The business has a 50 day moving average of $233.55 and a two-hundred day moving average of $237.83. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $44.54 billion, a P/E ratio of 23.87, a PEG ratio of 5.26 and a beta of 0.67.

L3Harris Technologies (NYSE:LHXGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.07. L3Harris Technologies had a return on equity of 13.09% and a net margin of 11.36%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the business earned $3.26 earnings per share. The company’s revenue was down 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that L3Harris Technologies, Inc. will post 13.42 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 1st. L3Harris Technologies’s payout ratio is 46.14%.

Insider Transactions at L3Harris Technologies

In related news, VP James P. Girard sold 7,500 shares of the business’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $240.00, for a total value of $1,800,000.00. Following the transaction, the vice president now owns 10,811 shares in the company, valued at $2,594,640. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Susquehanna lowered their price objective on L3Harris Technologies from $302.00 to $298.00 in a research report on Monday, May 2nd. Jefferies Financial Group lowered their price objective on L3Harris Technologies from $320.00 to $300.00 in a research report on Monday, May 2nd. StockNews.com downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Susquehanna Bancshares lowered their price target on L3Harris Technologies from $302.00 to $298.00 in a research report on Monday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.20.

L3Harris Technologies Profile

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L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

Further Reading

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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