Robeco Institutional Asset Management B.V. Has $42.45 Million Stock Position in L3Harris Technologies Inc $LHX

Robeco Institutional Asset Management B.V. increased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 72.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,000 shares of the company’s stock after buying an additional 58,233 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of L3Harris Technologies worth $42,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LHX. Brighton Jones LLC increased its holdings in L3Harris Technologies by 233.9% in the fourth quarter. Brighton Jones LLC now owns 4,284 shares of the company’s stock valued at $901,000 after purchasing an additional 3,001 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of L3Harris Technologies by 3.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,750 shares of the company’s stock worth $994,000 after buying an additional 164 shares during the period. Caxton Associates LLP acquired a new stake in shares of L3Harris Technologies in the 1st quarter valued at approximately $926,000. Arete Wealth Advisors LLC boosted its stake in L3Harris Technologies by 14.2% during the 1st quarter. Arete Wealth Advisors LLC now owns 2,327 shares of the company’s stock worth $487,000 after acquiring an additional 289 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in L3Harris Technologies during the first quarter valued at approximately $310,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of NYSE:LHX opened at $309.86 on Thursday. The firm has a 50 day simple moving average of $288.74 and a 200 day simple moving average of $280.62. The company has a market cap of $57.96 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.97 and a beta of 0.66. L3Harris Technologies Inc has a one year low of $193.09 and a one year high of $321.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.95.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.10. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a return on equity of 11.08% and a net margin of 8.09%.L3Harris Technologies’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $3.34 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 17th were paid a $1.20 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. L3Harris Technologies’s dividend payout ratio is currently 51.56%.

Insider Transactions at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the sale, the chief executive officer directly owned 144,426 shares in the company, valued at $43,479,447.30. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LHX has been the topic of several recent analyst reports. BNP Paribas upgraded L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Truist Financial raised their price target on L3Harris Technologies from $302.00 to $353.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research report on Wednesday, October 8th. BNP Paribas Exane began coverage on shares of L3Harris Technologies in a report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 target price on the stock. Finally, Citigroup initiated coverage on L3Harris Technologies in a research note on Thursday, December 11th. They issued a “buy” rating and a $331.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average price target of $302.29.

L3Harris Technologies Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.