L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. cut its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,763 shares of the company's stock after selling 2,135 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in L3Harris Technologies were worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. Geode Capital Management LLC increased its stake in L3Harris Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,734,832 shares of the company's stock worth $1,122,630,000 after buying an additional 59,008 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of L3Harris Technologies by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,039,832 shares of the company's stock worth $485,215,000 after acquiring an additional 27,763 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of L3Harris Technologies by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,542,333 shares of the company's stock worth $366,875,000 after purchasing an additional 85,882 shares in the last quarter. Raymond James & Associates raised its stake in L3Harris Technologies by 3.0% during the 3rd quarter. Raymond James & Associates now owns 984,888 shares of the company's stock valued at $234,275,000 after purchasing an additional 28,882 shares during the period. Finally, Mizuho Markets Americas LLC raised its stake in 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 purchasing an additional 166,262 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insider Activity at L3Harris Technologies

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 stock was 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 in the company, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 4,901 shares of company stock worth $1,059,757 in the last 90 days. 0.87% of the stock is owned by corporate insiders.

L3Harris Technologies Trading Down 0.5 %

Shares of L3Harris Technologies stock traded down $0.90 during trading on Wednesday, hitting $194.80. The stock had a trading volume of 1,509,273 shares, compared to its average volume of 1,342,477. L3Harris Technologies, Inc. has a 12 month low of $194.25 and a 12 month high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The firm's fifty day simple moving average is $211.28 and its 200-day simple moving average is $229.48. The stock has a market cap of $36.95 billion, a PE ratio of 24.75, a PEG ratio of 2.43 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced 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%. As a group, sell-side analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LHX. JPMorgan Chase & Co. cut their price objective on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Morgan Stanley cut their target price 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. UBS Group boosted their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $240.00 price objective on shares of L3Harris Technologies in a report on Friday, January 31st. Finally, Citigroup reduced their target price on L3Harris Technologies from $291.00 to $285.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.