L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Empower Advisory Group LLC

Empower Advisory Group LLC increased its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,315 shares of the company's stock after purchasing an additional 8,840 shares during the quarter. Empower Advisory Group LLC owned approximately 0.20% of L3Harris Technologies worth $77,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in shares of L3Harris Technologies during the fourth quarter worth $30,000. Archer Investment Corp lifted its position 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 buying an additional 43 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in L3Harris Technologies in the 4th quarter worth about $33,000. Kennebec Savings Bank purchased a new stake in L3Harris Technologies in the 3rd quarter valued at about $36,000. Finally, New Millennium Group LLC increased its stake in shares of L3Harris Technologies by 776.2% during the 4th quarter. New Millennium Group LLC now owns 184 shares of the company's stock valued at $39,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the completion of the sale, the insider now owns 6,812 shares in the company, valued at $1,455,383.80. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,901 shares of company stock worth $1,059,757 in the last quarter. 0.82% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Up 1.0 %

L3Harris Technologies stock traded up $1.90 during midday trading on Friday, hitting $199.13. 1,656,475 shares of the company were exchanged, compared to its average volume of 1,357,222. The company has a market cap of $37.50 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.76. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The company's fifty day moving average price is $210.26 and its 200-day moving average price is $229.06. 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 (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, 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%. On average, research analysts predict that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Analyst Ratings Changes

LHX has been the topic of several research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $240.00 target price on shares of L3Harris Technologies in a research report on Friday, January 31st. Bank of America cut their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Susquehanna cut their target price on L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup lowered their price target on L3Harris Technologies from $291.00 to $285.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $262.67.

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.