L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. trimmed its position in L3Harris Technologies, Inc. (NYSE:LHX) by 47.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 323 shares of the company’s stock after selling 287 shares during the period. Jamison Private Wealth Management Inc.’s holdings in L3Harris Technologies were worth $73,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of L3Harris Technologies during the fourth quarter valued at approximately $26,855,000. Allworth Financial LP grew its stake in L3Harris Technologies by 5.4% during the 4th quarter. Allworth Financial LP now owns 2,968 shares of the company’s stock worth $625,000 after buying an additional 153 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in L3Harris Technologies in the fourth quarter worth $504,000. Stratos Wealth Partners LTD. lifted its stake in L3Harris Technologies by 2.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,986 shares of the company’s stock valued at $1,682,000 after buying an additional 204 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of L3Harris Technologies by 12.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 42,458 shares of the company’s stock valued at $8,943,000 after acquiring an additional 4,852 shares during the period. 84.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LHX shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of L3Harris Technologies in a report on Monday, July 29th. Barclays upped their target price on L3Harris Technologies from $245.00 to $265.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna raised their target price on L3Harris Technologies from $260.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of L3Harris Technologies from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $245.00 to $257.00 in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.73.

L3Harris Technologies Stock Performance

LHX traded down $3.17 during trading on Friday, hitting $227.45. The stock had a trading volume of 66,616 shares, compared to its average volume of 996,422. The firm has a market cap of $43.14 billion, a PE ratio of 37.44, a P/E/G ratio of 1.90 and a beta of 0.72. The company has a 50 day simple moving average of $227.25 and a 200-day simple moving average of $217.38. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.56. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $245.60.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.06. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the firm earned $2.97 EPS. The business’s revenue was up 12.9% on a year-over-year basis. Analysts expect that L3Harris Technologies, Inc. will post 13.04 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, September 6th. L3Harris Technologies’s dividend payout ratio is 75.32%.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 26,190 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $225.70, for a total value of $5,911,083.00. Following the sale, the chief executive officer now owns 120,326 shares in the company, valued at approximately $27,157,578.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 26,190 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $225.70, for a total value of $5,911,083.00. Following the transaction, the chief executive officer now owns 120,326 shares of the company’s stock, valued at $27,157,578.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sean J. Stackley sold 3,354 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $218.00, for a total value of $731,172.00. Following the completion of the sale, the vice president now owns 17,540 shares of the company’s stock, valued at $3,823,720. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,312 shares of company stock worth $24,712,822. 0.82% of the stock is currently owned by corporate insiders.

L3Harris Technologies Company 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.