Insider Selling: L3Harris Technologies, Inc. (NYSE:LHX) Insider Sells 1,783 Shares of Stock

L3Harris Technologies, Inc. (NYSE:LHX - Get Free Report) insider Edward J. Zoiss sold 1,783 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $211.48, for a total transaction of $377,068.84. Following the transaction, the insider now directly owns 30,620 shares in the company, valued at approximately $6,475,517.60. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

L3Harris Technologies Stock Up 0.1 %

Shares of NYSE:LHX traded up $0.24 on Friday, reaching $211.42. The company had a trading volume of 960,650 shares, compared to its average volume of 927,966. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $39.81 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.42 and a beta of 0.74. The stock has a 50-day moving average price of $209.23 and a 200 day moving average price of $227.17. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month 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 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

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L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $1.20 dividend. This is an increase from L3Harris Technologies's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.80 annualized dividend and a dividend yield of 2.27%. L3Harris Technologies's dividend payout ratio (DPR) is presently 60.99%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LHX. Truist Financial cut their target price on L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein raised L3Harris Technologies from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Argus raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Tuesday, November 26th. UBS Group lifted their price target on L3Harris Technologies from $228.00 to $237.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, 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 research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $261.40.

Hedge Funds Weigh In On L3Harris Technologies

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $398,507,000. Invesco Ltd. raised its holdings in shares of L3Harris Technologies by 30.5% in the fourth quarter. Invesco Ltd. now owns 2,235,077 shares of the company's stock valued at $469,992,000 after buying an additional 522,861 shares during the last quarter. Vanguard Group Inc. lifted its position in L3Harris Technologies by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 23,281,023 shares of the company's stock worth $4,895,534,000 after buying an additional 401,168 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of L3Harris Technologies by 64.2% in the fourth quarter. Deutsche Bank AG now owns 740,400 shares of the company's stock valued at $155,691,000 after purchasing an additional 289,514 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $53,011,000. Institutional investors and hedge funds own 84.76% of the company's stock.

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.