L3Harris Technologies Inc $LHX Stock Holdings Decreased by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,870 shares of the company’s stock after selling 6,925 shares during the quarter. L3Harris Technologies comprises 1.3% of Mondrian Investment Partners LTD’s holdings, making the stock its 27th largest holding. Mondrian Investment Partners LTD owned 0.14% of L3Harris Technologies worth $60,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in L3Harris Technologies in the second quarter worth about $5,525,806,000. State Street Corp lifted its position in shares of L3Harris Technologies by 2.9% during the second quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after buying an additional 252,662 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of L3Harris Technologies by 7.1% during the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock valued at $1,367,832,000 after buying an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at about $752,983,000. Finally, Bank of America Corp DE boosted its holdings in shares of L3Harris Technologies by 22.3% in the 1st quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock valued at $661,905,000 after buying an additional 350,313 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

Shares of LHX opened at $253.68 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company’s fifty day moving average price is $250.31 and its 200-day moving average price is $287.12. L3Harris Technologies Inc has a 1-year low of $232.34 and a 1-year high of $379.23. The firm has a market capitalization of $47.24 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts predict that L3Harris Technologies Inc will post 11.89 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s payout ratio is presently 50.51%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. UBS Group reduced their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Wednesday, August 26th. Guggenheim began coverage on shares of L3Harris Technologies in a research note on Monday, September 14th. They issued a “buy” rating and a $365.00 target price for the company. Finally, Argus lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $341.71.

About L3Harris Technologies

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.