Steward Partners Investment Advisory LLC Has $13.50 Million Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Steward Partners Investment Advisory LLC grew its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,192 shares of the company’s stock after buying an additional 3,541 shares during the period. Steward Partners Investment Advisory LLC’s holdings in L3Harris Technologies were worth $13,498,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in L3Harris Technologies by 7.3% in the third quarter. Farther Finance Advisors LLC now owns 2,646 shares of the company’s stock valued at $629,000 after purchasing an additional 179 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in L3Harris Technologies by 78.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 34,567 shares of the company’s stock valued at $8,222,000 after buying an additional 15,191 shares in the last quarter. National Pension Service raised its stake in L3Harris Technologies by 16.2% during the 3rd quarter. National Pension Service now owns 426,508 shares of the company’s stock worth $101,453,000 after buying an additional 59,494 shares during the period. Asset Management One Co. Ltd. boosted its holdings in L3Harris Technologies by 1.2% in the third quarter. Asset Management One Co. Ltd. now owns 70,138 shares of the company’s stock worth $16,684,000 after acquiring an additional 818 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in L3Harris Technologies by 19.4% in the third quarter. QRG Capital Management Inc. now owns 3,001 shares of the company’s stock valued at $714,000 after acquiring an additional 487 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 0.1 %

Shares of NYSE:LHX opened at $207.47 on Wednesday. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a market capitalization of $39.07 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The business has a fifty day moving average price of $208.82 and a two-hundred day moving average price of $227.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Analysts forecast that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

L3Harris Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.20 per share. The ex-dividend date is Monday, March 10th. This represents a $4.80 annualized dividend and a dividend yield of 2.31%. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.16. L3Harris Technologies’s dividend payout ratio (DPR) is presently 58.96%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. UBS Group boosted their target price on shares of L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Bank of America dropped their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $261.47.

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $213.65, for a total value of $376,878.60. Following the completion of the sale, the insider now owns 6,812 shares of the company’s stock, valued at approximately $1,455,383.80. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 4,901 shares of company stock worth $1,059,757. Insiders own 0.82% of the company’s stock.

L3Harris Technologies 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.