Norinchukin Bank The Has $2.23 Million Stock Position in L3Harris Technologies Inc $LHX

Norinchukin Bank The raised its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 16.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,643 shares of the company’s stock after purchasing an additional 1,507 shares during the quarter. Norinchukin Bank The’s holdings in L3Harris Technologies were worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Clearstead Trust LLC bought a new stake in L3Harris Technologies during the 1st quarter worth approximately $26,000. Beacon Capital Management LLC grew its position in L3Harris Technologies by 79.5% during the 1st quarter. Beacon Capital Management LLC now owns 131 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Park Square Financial Group LLC bought a new stake in L3Harris Technologies during the 4th quarter worth approximately $37,000. Cornerstone Planning Group LLC grew its position in L3Harris Technologies by 323.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 182 shares of the company’s stock worth $39,000 after acquiring an additional 139 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in L3Harris Technologies during the 1st quarter worth approximately $42,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $275.3280 on Friday. The firm has a fifty day moving average of $263.52 and a two-hundred day moving average of $233.71. The stock has a market capitalization of $51.51 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.02 and a beta of 0.77. L3Harris Technologies Inc has a 52 week low of $193.09 and a 52 week high of $280.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.48 by $0.30. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. As a group, equities research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.20 per share. The ex-dividend date is Friday, September 5th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. L3Harris Technologies’s payout ratio is presently 53.63%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $245.00, for a total transaction of $490,000.00. Following the completion of the sale, the insider owned 25,325 shares in the company, valued at approximately $6,204,625. The trade was a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher E. Kubasik sold 40,138 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $269.52, for a total transaction of $10,817,993.76. Following the completion of the sale, the chief executive officer owned 145,578 shares of the company’s stock, valued at approximately $39,236,182.56. This represents a 21.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,199 shares of company stock valued at $39,045,071 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LHX. Susquehanna increased their price target on L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Barclays increased their price target on L3Harris Technologies from $255.00 to $305.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada upped their price objective on L3Harris Technologies from $265.00 to $280.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Truist Financial upped their price objective on L3Harris Technologies from $279.00 to $302.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $279.47.

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.