Swiss Life Asset Management Ltd Has $8.86 Million Position in L3Harris Technologies Inc $LHX

Swiss Life Asset Management Ltd lifted its stake in L3Harris Technologies Inc (NYSE:LHX) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,171 shares of the company’s stock after purchasing an additional 1,857 shares during the period. Swiss Life Asset Management Ltd’s holdings in L3Harris Technologies were worth $8,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $469,000. Pure Financial Advisors LLC increased its holdings in shares of L3Harris Technologies by 36.1% in the fourth quarter. Pure Financial Advisors LLC now owns 2,268 shares of the company’s stock valued at $666,000 after purchasing an additional 602 shares in the last quarter. Advisor OS LLC increased its holdings in shares of L3Harris Technologies by 4.4% in the fourth quarter. Advisor OS LLC now owns 1,353 shares of the company’s stock valued at $397,000 after purchasing an additional 57 shares in the last quarter. Midwest Trust Co increased its holdings in shares of L3Harris Technologies by 12.2% in the fourth quarter. Midwest Trust Co now owns 1,623 shares of the company’s stock valued at $476,000 after purchasing an additional 176 shares in the last quarter. Finally, NewEdge Wealth LLC grew its holdings in L3Harris Technologies by 26.7% during the 4th quarter. NewEdge Wealth LLC now owns 10,805 shares of the company’s stock worth $3,172,000 after acquiring an additional 2,280 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LHX shares. Morgan Stanley lifted their target price on shares of L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. UBS Group lowered their target price on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of L3Harris Technologies in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Activity at L3Harris Technologies

In related news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total value of $676,781.00. Following the sale, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Rambeau sold 5,528 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. This represents a 41.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,365 shares of company stock valued at $5,861,117. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Price Performance

Shares of LHX stock opened at $309.47 on Wednesday. L3Harris Technologies Inc has a 12-month low of $214.10 and a 12-month high of $379.23. The firm has a market capitalization of $57.65 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.52 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $346.05 and a 200-day moving average of $324.34.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. On average, equities research analysts forecast that L3Harris Technologies Inc will post 11.56 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s payout ratio is currently 54.29%.

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.