Keudell Morrison Wealth Management Invests $1.35 Million in L3Harris Technologies Inc $LHX

Keudell Morrison Wealth Management bought a new stake in L3Harris Technologies Inc (NYSE:LHX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,600 shares of the company’s stock, valued at approximately $1,350,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of L3Harris Technologies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company’s stock valued at $6,872,710,000 after purchasing an additional 190,955 shares during the period. Bank of America Corp DE raised its stake in shares of L3Harris Technologies by 3.1% during the 2nd quarter. Bank of America Corp DE now owns 1,728,519 shares of the company’s stock worth $433,582,000 after buying an additional 52,776 shares in the last quarter. Capital Research Global Investors raised its stake in shares of L3Harris Technologies by 23.3% during the 3rd quarter. Capital Research Global Investors now owns 1,657,085 shares of the company’s stock worth $506,090,000 after buying an additional 312,846 shares in the last quarter. AGF Management Ltd. raised its stake in shares of L3Harris Technologies by 15.9% during the 3rd quarter. AGF Management Ltd. now owns 1,500,887 shares of the company’s stock worth $458,386,000 after buying an additional 205,479 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in L3Harris Technologies by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,440,599 shares of the company’s stock valued at $439,920,000 after purchasing an additional 35,951 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,378 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $341.45, for a total value of $811,968.10. Following the transaction, the vice president directly owned 4,882 shares of the company’s stock, valued at $1,666,958.90. This trade represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon Rambeau sold 5,528 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the transaction, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. This trade represents a 41.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,365 shares of company stock valued at $5,861,117 over the last three months. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LHX shares. Argus raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. raised their price objective on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Citigroup increased their target price on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Sanford C. Bernstein cut their target price on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Finally, UBS Group cut their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Trading Down 0.9%

NYSE:LHX opened at $306.42 on Friday. The business’s 50-day moving average is $337.56 and its two-hundred day moving average is $325.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. L3Harris Technologies Inc has a 12 month low of $232.73 and a 12 month high of $379.23. The firm has a market capitalization of $57.08 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.56 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $2.41 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.52 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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

About L3Harris Technologies

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.