Naples Money Management LLC Acquires Shares of 570 L3Harris Technologies, Inc. (NYSE:LHX)

Naples Money Management LLC acquired a new stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 570 shares of the company’s stock, valued at approximately $120,000.

Several other large investors have also bought and sold shares of LHX. Cowa LLC bought a new position in L3Harris Technologies during the 1st quarter valued at $26,000. Mascoma Wealth Management LLC bought a new position in L3Harris Technologies during the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of L3Harris Technologies during the 1st quarter worth $27,000. KB Financial Partners LLC raised its stake in shares of L3Harris Technologies by 96.5% during the 3rd quarter. KB Financial Partners LLC now owns 167 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares during the period. Finally, First Capital Advisors Group LLC. bought a new stake in shares of L3Harris Technologies during the 2nd quarter worth $29,000. 84.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at L3Harris Technologies

In related news, Director William H. Swanson bought 1,250 shares of L3Harris Technologies stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $215.35 per share, with a total value of $269,187.50. Following the acquisition, the director now directly owns 1,543 shares of the company’s stock, valued at $332,285.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Scott T. Mikuen sold 1,292 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $211.14, for a total transaction of $272,792.88. Following the completion of the transaction, the senior vice president now owns 58,617 shares of the company’s stock, valued at $12,376,393.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Swanson acquired 1,250 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $215.35 per share, with a total value of $269,187.50. Following the acquisition, the director now directly owns 1,543 shares of the company’s stock, valued at approximately $332,285.05. The disclosure for this purchase can be found here. Insiders sold 48,362 shares of company stock valued at $10,261,360 in the last quarter. 0.82% of the stock is currently owned by corporate insiders.

L3Harris Technologies Price Performance

LHX stock traded up $3.37 during mid-day trading on Friday, reaching $205.45. 898,486 shares of the company traded hands, compared to its average volume of 1,119,951. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.82. The company has a market capitalization of $39.06 billion, a P/E ratio of 31.90, a P/E/G ratio of 1.87 and a beta of 0.65. L3Harris Technologies, Inc. has a 52-week low of $160.25 and a 52-week high of $218.34. The company has a fifty day moving average price of $210.39 and a 200-day moving average price of $199.60.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Friday, January 26th. The company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.27 EPS. As a group, analysts anticipate that L3Harris Technologies, Inc. will post 12.73 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.26%. L3Harris Technologies’s payout ratio is presently 72.05%.

Analyst Ratings Changes

A number of research firms have recently commented on LHX. StockNews.com cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upgraded L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 target price on the stock in a research note on Thursday, January 11th. TheStreet upgraded L3Harris Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Raymond James lifted their target price on L3Harris Technologies from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company decreased their price objective on L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

About L3Harris Technologies

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.