Barclays PLC Has $94.93 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Barclays PLC trimmed its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 37.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,096 shares of the company's stock after selling 241,118 shares during the period. Barclays PLC owned approximately 0.21% of L3Harris Technologies worth $94,932,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new stake in shares of L3Harris Technologies during the 2nd quarter valued at about $231,000. Diversified Trust Co acquired a new stake in L3Harris Technologies during the second quarter valued at approximately $247,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of L3Harris Technologies by 17.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,838 shares of the company's stock valued at $9,845,000 after purchasing an additional 6,634 shares during the period. ORG Partners LLC raised its holdings in shares of L3Harris Technologies by 1,652.4% in the 2nd quarter. ORG Partners LLC now owns 368 shares of the company's stock worth $82,000 after buying an additional 347 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of L3Harris Technologies by 6.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 38,442 shares of the company's stock worth $8,633,000 after buying an additional 2,489 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LHX shares. Truist Financial increased their price objective on L3Harris Technologies from $293.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Bank of America upgraded shares of L3Harris Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $240.00 to $300.00 in a research report on Thursday, October 31st. StockNews.com raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Citigroup boosted their target price on L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $252.00 to $250.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $269.13.

Insider Activity

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $244.68, for a total transaction of $731,103.84. Following the sale, the insider now directly owns 13,328 shares in the company, valued at approximately $3,261,095.04. This trade represents a 18.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is owned by company insiders.

L3Harris Technologies Trading Down 2.0 %

LHX traded down $4.52 during trading on Thursday, reaching $224.35. 1,420,977 shares of the company's stock were exchanged, compared to its average volume of 911,113. The company's fifty day moving average price is $245.92 and its 200-day moving average price is $234.83. The firm has a market capitalization of $42.55 billion, a PE ratio of 35.69, a P/E/G ratio of 1.96 and a beta of 0.72. L3Harris Technologies, Inc. has a fifty-two week low of $200.18 and a fifty-two week high of $265.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $3.34 EPS for the quarter, beating analysts' consensus estimates of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The firm's revenue was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that L3Harris Technologies, Inc. will post 13.09 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were given a dividend of $1.16 per share. The ex-dividend date was Monday, November 18th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.07%. L3Harris Technologies's dividend payout ratio is 73.30%.

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.