L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,528 shares of the company's stock after buying an additional 1,696 shares during the quarter. Apollon Wealth Management LLC's holdings in L3Harris Technologies were worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in LHX. JPMorgan Chase & Co. grew its position in shares of L3Harris Technologies by 29.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock valued at $184,245,000 after acquiring an additional 178,407 shares during the period. International Assets Investment Management LLC raised its stake in shares of L3Harris Technologies by 23,627.0% in the third quarter. International Assets Investment Management LLC now owns 170,597 shares of the company's stock worth $40,580,000 after buying an additional 169,878 shares during the period. Mizuho Markets Americas LLC lifted its position in shares of L3Harris Technologies by 25.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company's stock valued at $195,704,000 after buying an additional 166,262 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of L3Harris Technologies during the 3rd quarter valued at approximately $35,904,000. Finally, Rockefeller Capital Management L.P. raised its stake in L3Harris Technologies by 156.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 148,236 shares of the company's stock worth $35,259,000 after acquiring an additional 90,370 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares of the company's stock, valued at approximately $1,060,592.94. This trade represents a 21.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 4,901 shares of company stock worth $1,059,757 in the last 90 days. Corporate insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on LHX shares. Raymond James cut L3Harris Technologies from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. UBS Group increased their price objective on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating for the company in a research note on Wednesday, December 11th. Sanford C. Bernstein upgraded L3Harris Technologies from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Finally, Truist Financial reduced their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, L3Harris Technologies has a consensus rating of "Moderate Buy" and an average price target of $262.67.

L3Harris Technologies Price Performance

LHX stock traded down $6.27 during midday trading on Wednesday, reaching $200.48. The stock had a trading volume of 1,694,477 shares, compared to its average volume of 1,287,359. L3Harris Technologies, Inc. has a 52-week low of $199.56 and a 52-week high of $265.74. The company has a market cap of $38.03 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. The company's fifty day simple moving average is $215.60 and its 200 day simple moving average is $230.76. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced 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%. As a group, sell-side analysts predict that L3Harris Technologies, Inc. will post 11.19 earnings per share for the current fiscal year.

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.