Seeyond cut its position in L3Harris Technologies, Inc. (NYSE:LHX) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,387 shares of the company’s stock after selling 82 shares during the quarter. Seeyond’s holdings in L3Harris Technologies were worth $2,677,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC acquired a new position in L3Harris Technologies in the 1st quarter valued at $26,000. Concord Wealth Partners grew its stake in L3Harris Technologies by 258.3% in the 1st quarter. Concord Wealth Partners now owns 129 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Meridian Wealth Partners LLC acquired a new position in L3Harris Technologies in the 1st quarter valued at $29,000. Eagle Bay Advisors LLC acquired a new position in L3Harris Technologies in the 2nd quarter valued at $48,000. Finally, Solstein Capital LLC acquired a new position in L3Harris Technologies in the 1st quarter valued at $54,000. Institutional investors and hedge funds own 80.54% of the company’s stock.
LHX traded up $0.43 on Thursday, hitting $235.01. 1,222 shares of the stock were exchanged, compared to its average volume of 1,113,465. L3Harris Technologies, Inc. has a 12 month low of $158.09 and a 12 month high of $238.40. The business has a 50-day moving average of $228.94 and a two-hundred day moving average of $221.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.70 and a quick ratio of 1.50. The firm has a market capitalization of $47.22 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.06 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Friday, September 3rd were issued a $1.02 dividend. The ex-dividend date was Thursday, September 2nd. This represents a $4.08 dividend on an annualized basis and a yield of 1.74%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 35.17%.
In related news, SVP Scott T. Mikuen sold 8,573 shares of the stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of $225.08, for a total value of $1,929,610.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William M. Brown sold 85,162 shares of the stock in a transaction on Monday, September 13th. The stock was sold at an average price of $229.19, for a total value of $19,518,278.78. The disclosure for this sale can be found here. Insiders have sold a total of 423,000 shares of company stock valued at $97,577,351 in the last three months. Insiders own 1.40% of the company’s stock.
A number of analysts have weighed in on LHX shares. Credit Suisse Group increased their price target on shares of L3Harris Technologies from $243.00 to $254.00 and gave the company an “outperform” rating in a report on Wednesday, August 4th. The Goldman Sachs Group downgraded shares of L3Harris Technologies from a “neutral” rating to a “sell” rating and set a $207.00 price target for the company. in a report on Thursday, September 23rd. Wells Fargo & Company increased their price target on shares of L3Harris Technologies from $225.00 to $240.00 and gave the company an “equal weight” rating in a report on Wednesday, August 4th. Susquehanna Bancshares increased their price target on shares of L3Harris Technologies from $244.00 to $270.00 and gave the company a “positive” rating in a report on Wednesday, August 4th. Finally, Raymond James raised their price objective on shares of L3Harris Technologies from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $233.69.
L3Harris Technologies Profile
L3Harris Technologies, Inc engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems. The Integrated Mission Systems segment consists of multi-mission ISR and communication systems; integrated electrical and electronic systems for maritime platforms; and advanced electro-optical and infrared solutions.
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