denkapparat Operations GmbH Has $931,000 Stock Position in L3Harris Technologies Inc $LHX

denkapparat Operations GmbH lowered its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.7% during the second quarter, HoldingsChannel reports. The fund owned 3,710 shares of the company’s stock after selling 184 shares during the quarter. L3Harris Technologies makes up about 0.7% of denkapparat Operations GmbH’s portfolio, making the stock its 21st biggest holding. denkapparat Operations GmbH’s holdings in L3Harris Technologies were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Gold Investment Management Ltd. lifted its stake in shares of L3Harris Technologies by 108.4% in the second quarter. Gold Investment Management Ltd. now owns 1,738 shares of the company’s stock valued at $437,000 after buying an additional 904 shares during the period. BankPlus Trust Department increased its stake in L3Harris Technologies by 6.9% during the second quarter. BankPlus Trust Department now owns 5,854 shares of the company’s stock valued at $1,468,000 after acquiring an additional 379 shares during the period. Janney Montgomery Scott LLC raised its holdings in L3Harris Technologies by 20.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 193,381 shares of the company’s stock valued at $48,508,000 after acquiring an additional 33,019 shares in the last quarter. US Bancorp DE lifted its position in shares of L3Harris Technologies by 1.6% in the 2nd quarter. US Bancorp DE now owns 344,112 shares of the company’s stock worth $86,317,000 after acquiring an additional 5,526 shares during the period. Finally, Dean Capital Management grew its holdings in shares of L3Harris Technologies by 11.5% during the 1st quarter. Dean Capital Management now owns 9,596 shares of the company’s stock worth $2,009,000 after purchasing an additional 986 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Up 1.5%

LHX opened at $301.59 on Wednesday. The firm has a market cap of $56.41 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.04. The firm’s 50-day simple moving average is $288.97 and its 200-day simple moving average is $265.62. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $308.12.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.10. The firm had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.51 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities research analysts anticipate that L3Harris Technologies Inc will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 17th will be given a dividend of $1.20 per share. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. L3Harris Technologies’s dividend payout ratio is 51.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LHX shares. Susquehanna restated a “positive” rating on shares of L3Harris Technologies in a research note on Friday, October 31st. Barclays increased their price objective on shares of L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Robert W. Baird lifted their target price on shares of L3Harris Technologies from $274.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Morgan Stanley upped their target price on shares of L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Finally, UBS Group increased their price target on shares of L3Harris Technologies from $318.00 to $323.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.63.

Insiders Place Their Bets

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 83,000 shares of L3Harris Technologies stock in a transaction on Friday, September 12th. The stock was 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 owned 145,578 shares in the company, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

L3Harris Technologies 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.