Venturi Wealth Management LLC Purchases 538 Shares of L3Harris Technologies Inc $LHX

Venturi Wealth Management LLC raised its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,943 shares of the company’s stock after acquiring an additional 538 shares during the period. Venturi Wealth Management LLC’s holdings in L3Harris Technologies were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BankPlus Trust Department grew its holdings in shares of L3Harris Technologies by 6.9% in the second quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock worth $1,468,000 after purchasing an additional 379 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of L3Harris Technologies by 12.0% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,110 shares of the company’s stock worth $2,034,000 after purchasing an additional 866 shares during the last quarter. Avantra Family Wealth Inc. grew its holdings in shares of L3Harris Technologies by 2.5% in the second quarter. Avantra Family Wealth Inc. now owns 4,736 shares of the company’s stock worth $1,188,000 after purchasing an additional 117 shares during the last quarter. Heck Capital Advisors LLC grew its holdings in shares of L3Harris Technologies by 4.6% in the second quarter. Heck Capital Advisors LLC now owns 2,683 shares of the company’s stock worth $673,000 after purchasing an additional 117 shares during the last quarter. Finally, D.B. Root & Company LLC grew its holdings in shares of L3Harris Technologies by 35.3% in the second quarter. D.B. Root & Company LLC now owns 2,220 shares of the company’s stock worth $557,000 after purchasing an additional 579 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LHX. Citigroup upped their price objective on shares of L3Harris Technologies from $300.00 to $323.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of L3Harris Technologies in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday. Finally, UBS Group upped their price objective on shares of L3Harris Technologies from $262.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $279.47.

L3Harris Technologies Stock Performance

LHX stock opened at $306.83 on Thursday. The firm has a market cap of $57.41 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.20 and a beta of 0.76. The firm has a 50-day simple moving average of $280.99 and a two-hundred day simple moving average of $251.50. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $306.83. 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 released its quarterly 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.31 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.24 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. On average, equities analysts forecast that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 53.63%.

Insider Activity at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 83,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $279.90, for a total value of $23,231,700.00. Following the completion of the transaction, the chief executive officer directly owned 145,578 shares of the company’s stock, valued at $40,747,282.20. This trade represents a 36.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 195,138 shares of company stock valued at $53,571,774. Company insiders own 0.72% of the company’s stock.

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.