Charles Schwab Investment Management Inc. Buys 32,979 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Charles Schwab Investment Management Inc. increased its stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,210,107 shares of the company's stock after purchasing an additional 32,979 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of L3Harris Technologies worth $254,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $27,000. Archer Investment Corp lifted its stake in L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after purchasing an additional 43 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter valued at $30,000. Kennebec Savings Bank bought a new position in shares of L3Harris Technologies in the 3rd quarter valued at $36,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of L3Harris Technologies during the 4th quarter worth $33,000. Institutional investors own 84.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LHX shares. Raymond James lowered L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Bank of America decreased their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Argus raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein upgraded L3Harris Technologies from a "market perform" rating to an "outperform" rating and dropped their price target for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $261.47.

Insider Activity

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of L3Harris Technologies stock in a transaction that occurred on 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 directly owns 6,812 shares in the company, valued at approximately $1,455,383.80. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 4,901 shares of company stock valued at $1,059,757 in the last ninety days. 0.87% of the stock is owned by company insiders.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $210.84 on Thursday. The firm has a market cap of $39.70 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.42 and a beta of 0.74. The stock's 50 day moving average is $208.77 and its 200 day moving average is $227.82. 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, Inc. has a one year low of $193.09 and a one year high of $265.74.

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 analysts' consensus estimates 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, research 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. Stockholders of record on Monday, March 10th will be given a $1.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a dividend yield of 2.28%. L3Harris Technologies's dividend payout ratio (DPR) is 60.99%.

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.

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