DJE Kapital AG Purchases New Stake in L3Harris Technologies, Inc. (NYSE:LHX)

DJE Kapital AG acquired a new position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,610 shares of the company's stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of L3Harris Technologies during the fourth quarter valued at $132,000. Jones Financial Companies Lllp increased its holdings in L3Harris Technologies by 158.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,715 shares of the company's stock valued at $781,000 after purchasing an additional 2,280 shares during the period. Modera Wealth Management LLC raised its position in L3Harris Technologies by 2.6% during the 4th quarter. Modera Wealth Management LLC now owns 6,842 shares of the company's stock worth $1,439,000 after purchasing an additional 176 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in L3Harris Technologies by 14.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,317 shares of the company's stock worth $275,000 after buying an additional 162 shares during the period. Finally, Richard W. Paul & Associates LLC grew its position in shares of L3Harris Technologies by 8,000.0% in the 4th quarter. Richard W. Paul & Associates LLC now owns 405 shares of the company's stock valued at $85,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Activity

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now directly owns 8,576 shares of the company's stock, valued at $1,917,765.12. This represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 4,901 shares of company stock valued at $1,059,757 in the last ninety days. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group upped their target price on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Bank of America decreased their price objective on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $240.00 price target on shares of L3Harris Technologies in a report on Friday, January 31st. Finally, Barclays dropped their price objective on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $261.47.

L3Harris Technologies Stock Up 1.7 %

Shares of LHX stock traded up $3.60 on Wednesday, hitting $210.68. The stock had a trading volume of 692,555 shares, compared to its average volume of 916,074. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The business has a 50 day moving average of $208.82 and a 200 day moving average of $227.94. L3Harris Technologies, Inc. has a 12-month low of $193.09 and a 12-month high of $265.74. The stock has a market cap of $39.67 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS 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%. As a group, analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from L3Harris Technologies's previous quarterly dividend of $1.16. L3Harris Technologies's dividend payout ratio is 60.99%.

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.