Mizuho Securities USA LLC Purchases 5,675 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Mizuho Securities USA LLC increased its position in L3Harris Technologies, Inc. (NYSE:LHX) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,976 shares of the company’s stock after purchasing an additional 5,675 shares during the quarter. Mizuho Securities USA LLC’s holdings in L3Harris Technologies were worth $3,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of L3Harris Technologies in the 4th quarter valued at about $2,460,000. Quantbot Technologies LP raised its holdings in shares of L3Harris Technologies by 314.8% in the 4th quarter. Quantbot Technologies LP now owns 40,073 shares of the company’s stock valued at $8,427,000 after purchasing an additional 30,413 shares during the period. Millstone Evans Group LLC bought a new stake in shares of L3Harris Technologies in the 4th quarter valued at about $26,000. Adams Diversified Equity Fund Inc. bought a new position in L3Harris Technologies in the 4th quarter valued at about $17,453,000. Finally, Independent Solutions Wealth Management LLC raised its holdings in L3Harris Technologies by 11.6% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 1,175 shares of the company’s stock valued at $247,000 after acquiring an additional 122 shares during the period. 84.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on LHX shares. Bank of America lowered their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $240.00 price target on shares of L3Harris Technologies in a report on Friday, January 31st. Sanford C. Bernstein raised shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price target on shares of L3Harris Technologies from $269.00 to $268.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $261.40.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Jon Rambeau sold 3,178 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the transaction, the insider now owns 2,797 shares of the company’s stock, valued at approximately $632,122. This trade represents a 53.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ross Niebergall sold 1,373 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,334 shares of company stock worth $1,383,709 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $208.15 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $39.07 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.42 and a beta of 0.74. The firm’s 50 day simple moving average is $209.80 and its 200 day simple moving average is $226.13. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. As a group, research analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $1.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.80 dividend on an annualized basis and a yield of 2.31%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.16. L3Harris Technologies’s dividend payout ratio (DPR) is currently 60.99%.

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.