Trust Co. of Toledo NA OH Buys Shares of 386 L3Harris Technologies Inc $LHX

Trust Co. of Toledo NA OH bought a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 386 shares of the company’s stock, valued at approximately $97,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Aberdeen Group plc boosted its position in L3Harris Technologies by 29.6% during the second quarter. Aberdeen Group plc now owns 29,787 shares of the company’s stock valued at $7,472,000 after purchasing an additional 6,803 shares in the last quarter. Blue Zone Wealth Advisors LLC bought a new stake in shares of L3Harris Technologies in the 2nd quarter valued at about $215,000. Strong Tower Advisory Services boosted its holdings in shares of L3Harris Technologies by 2.2% in the 2nd quarter. Strong Tower Advisory Services now owns 13,963 shares of the company’s stock valued at $3,502,000 after buying an additional 300 shares in the last quarter. PDS Planning Inc boosted its holdings in shares of L3Harris Technologies by 4.7% in the 2nd quarter. PDS Planning Inc now owns 1,333 shares of the company’s stock valued at $334,000 after buying an additional 60 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in L3Harris Technologies by 2.6% in the second quarter. Blue Trust Inc. now owns 4,876 shares of the company’s stock valued at $1,223,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $40,747,282.20. The trade was a 36.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 195,138 shares of company stock valued at $53,571,774. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LHX shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Wednesday. Robert W. Baird raised their price objective on L3Harris Technologies from $274.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a report on Monday, July 14th. Finally, Susquehanna raised their price target on L3Harris Technologies from $300.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $278.19.

L3Harris Technologies Stock Performance

Shares of LHX opened at $292.45 on Monday. 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 Inc has a one year low of $193.09 and a one year high of $308.12. The stock has a market cap of $54.72 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.14 and a beta of 0.76. The stock has a 50-day moving average of $281.74 and a two-hundred day moving average of $253.22.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, July 24th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.30. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company posted $3.24 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. As a group, research analysts predict that L3Harris Technologies Inc will post 11.12 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were issued 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 payout ratio is 53.63%.

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.