Martin Investment Management LLC Sells 1,853 Shares of L3Harris Technologies Inc $LHX

Martin Investment Management LLC lowered its holdings in L3Harris Technologies Inc (NYSE:LHX) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,093 shares of the company’s stock after selling 1,853 shares during the quarter. L3Harris Technologies comprises approximately 2.2% of Martin Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. Martin Investment Management LLC’s holdings in L3Harris Technologies were worth $8,541,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LHX. Crestmont Private Wealth LLC increased its holdings in L3Harris Technologies by 10.1% during the fourth quarter. Crestmont Private Wealth LLC now owns 753 shares of the company’s stock worth $221,000 after buying an additional 69 shares during the last quarter. Vantus Wealth LLC purchased a new stake in L3Harris Technologies during the fourth quarter valued at about $225,000. Root Financial Partners LLC grew its holdings in shares of L3Harris Technologies by 11.7% during the 4th quarter. Root Financial Partners LLC now owns 371 shares of the company’s stock valued at $109,000 after purchasing an additional 39 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of L3Harris Technologies by 2.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 8,680 shares of the company’s stock worth $2,548,000 after buying an additional 200 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its position in L3Harris Technologies by 3.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 43,551 shares of the company’s stock valued at $12,785,000 after purchasing an additional 1,648 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 1.6%

NYSE:LHX opened at $310.01 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03. The firm has a market cap of $57.75 billion, a P/E ratio of 33.66, a P/E/G ratio of 1.59 and a beta of 0.51. L3Harris Technologies Inc has a fifty-two week low of $237.56 and a fifty-two week high of $379.23. The firm has a 50-day simple moving average of $330.34 and a two-hundred day simple moving average of $326.17.

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

L3Harris Technologies Dividend Announcement

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

Analysts Set New Price Targets

LHX has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on L3Harris Technologies from $367.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein decreased their target price on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Citigroup boosted their price objective on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Two equities research 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. Based on data from MarketBeat.com, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $354.75.

Insider Buying and Selling at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the completion of the transaction, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by corporate insiders.

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.