Klingman & Associates LLC Purchases 53 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Klingman & Associates LLC increased its position in L3Harris Technologies, Inc. (NYSE:LHX) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,933 shares of the company’s stock after acquiring an additional 53 shares during the period. Klingman & Associates LLC’s holdings in L3Harris Technologies were worth $406,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in shares of L3Harris Technologies in the fourth quarter worth $30,000. Archer Investment Corp grew its holdings in shares of L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company’s stock worth $31,000 after acquiring an additional 43 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of L3Harris Technologies in the fourth quarter worth $33,000. Kennebec Savings Bank bought a new stake in shares of L3Harris Technologies in the third quarter worth $36,000. Finally, New Millennium Group LLC grew its holdings in shares of L3Harris Technologies by 776.2% in the fourth quarter. New Millennium Group LLC now owns 184 shares of the company’s stock worth $39,000 after acquiring an additional 163 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

NYSE:LHX opened at $195.55 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $37.09 billion, a P/E ratio of 24.85, a P/E/G ratio of 1.75 and a beta of 0.76. L3Harris Technologies, Inc. has a 12 month low of $194.77 and a 12 month high of $265.74. The business’s 50-day moving average is $211.97 and its 200 day moving average is $229.72.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, equities research analysts forecast that L3Harris Technologies, Inc. will post 11.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $210.06, for a total transaction of $288,412.38. Following the sale, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. The trade was a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 4,901 shares of company stock worth $1,059,757. Corporate insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LHX shares. Bank of America cut their price target on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Sanford C. Bernstein raised L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their price target for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Finally, Argus raised L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

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.