Perigon Wealth Management LLC Acquires 5,186 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Perigon Wealth Management LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 210.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,645 shares of the company’s stock after acquiring an additional 5,186 shares during the quarter. Perigon Wealth Management LLC’s holdings in L3Harris Technologies were worth $1,670,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Patrick M Sweeney & Associates Inc. raised its holdings in L3Harris Technologies by 22.4% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 1,048 shares of the company’s stock worth $220,000 after purchasing an additional 192 shares during the period. Griffin Asset Management Inc. raised its holdings in L3Harris Technologies by 2.6% in the fourth quarter. Griffin Asset Management Inc. now owns 5,803 shares of the company’s stock worth $1,220,000 after purchasing an additional 146 shares during the period. YHB Investment Advisors Inc. raised its holdings in L3Harris Technologies by 3.5% in the fourth quarter. YHB Investment Advisors Inc. now owns 12,003 shares of the company’s stock worth $2,524,000 after purchasing an additional 411 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in L3Harris Technologies by 0.7% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 14,530 shares of the company’s stock worth $3,055,000 after purchasing an additional 104 shares during the period. Finally, BankPlus Wealth Management LLC acquired a new stake in L3Harris Technologies in the fourth quarter worth $409,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the completion of the transaction, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. This trade represents a 17.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 7,889 shares of company stock worth $1,800,572. Insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

LHX has been the topic of several analyst reports. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of L3Harris Technologies from $300.00 to $283.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada raised their price objective on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a “sector perform” rating in a report on Monday, October 28th. Susquehanna dropped their price objective on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup raised their price objective on shares of L3Harris Technologies from $268.00 to $291.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, L3Harris Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $271.07.

L3Harris Technologies Stock Down 0.6 %

Shares of LHX stock opened at $212.12 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. L3Harris Technologies, Inc. has a 1 year low of $200.18 and a 1 year high of $265.74. The firm’s fifty day moving average price is $222.57 and its two-hundred day moving average price is $232.71. The firm has a market capitalization of $40.23 billion, a P/E ratio of 33.51, a PEG ratio of 1.75 and a beta of 0.75.

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.