L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,990 shares of the company’s stock after selling 73 shares during the period. J.W. Cole Advisors Inc.’s holdings in L3Harris Technologies were worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning increased its holdings in shares of L3Harris Technologies by 1.2% in the third quarter. Creative Planning now owns 41,588 shares of the company’s stock valued at $9,893,000 after purchasing an additional 512 shares during the period. Bleakley Financial Group LLC increased its stake in L3Harris Technologies by 2.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,869 shares of the company’s stock valued at $682,000 after buying an additional 73 shares during the period. Blue Trust Inc. raised its position in L3Harris Technologies by 96.7% during the 3rd quarter. Blue Trust Inc. now owns 653 shares of the company’s stock worth $147,000 after buying an additional 321 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in shares of L3Harris Technologies in the 3rd quarter worth $203,000. Finally, OLD National Bancorp IN boosted its holdings in shares of L3Harris Technologies by 73.3% in the third quarter. OLD National Bancorp IN now owns 1,879 shares of the company’s stock valued at $447,000 after acquiring an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

LHX stock opened at $195.55 on Wednesday. The stock’s 50 day moving average price is $212.67 and its 200 day moving average price is $229.97. The firm has a market cap of $37.09 billion, a P/E ratio of 24.85, a PEG ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. L3Harris Technologies, Inc. has a 1 year low of $194.77 and a 1 year high of $265.74.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, sell-side analysts expect that L3Harris Technologies, Inc. will post 11.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LHX has been the subject of several analyst reports. Sanford C. Bernstein raised shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Citigroup cut their price objective on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group increased their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.67.

Insiders Place Their Bets

In related news, insider Ross Niebergall sold 1,764 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $213.65, for a total transaction of $376,878.60. Following the transaction, the insider now owns 6,812 shares of the company’s stock, valued at approximately $1,455,383.80. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 4,901 shares of company stock valued at $1,059,757 in the last ninety days. Insiders own 0.82% of the company’s stock.

About L3Harris Technologies

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.