Impact Capital Partners LLC Takes Position in L3Harris Technologies, Inc. (NYSE:LHX)

Impact Capital Partners LLC bought a new stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,286 shares of the company's stock, valued at approximately $270,000.

Other large investors have also recently made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of L3Harris Technologies during the fourth quarter valued at approximately $27,000. Archer Investment Corp raised its holdings in L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after acquiring an additional 43 shares during the last quarter. Roxbury Financial LLC purchased a new position in L3Harris Technologies in the 4th quarter worth approximately $30,000. Union Bancaire Privee UBP SA purchased a new position in L3Harris Technologies in the 4th quarter worth approximately $33,000. Finally, New Millennium Group LLC raised its holdings in L3Harris Technologies by 776.2% in the 4th quarter. New Millennium Group LLC now owns 184 shares of the company's stock worth $39,000 after acquiring an additional 163 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LHX shares. Royal Bank of Canada restated a "sector perform" rating and issued a $240.00 price objective on shares of L3Harris Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. decreased 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. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of L3Harris Technologies from $269.00 to $268.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, Citigroup cut their target price on shares of 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, L3Harris Technologies has an average rating of "Moderate Buy" and an average target price of $261.40.

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Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total value of $377,068.84. Following the sale, the insider now owns 30,620 shares in the company, valued at $6,475,517.60. The trade was a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jon Rambeau sold 3,178 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares in the company, valued at approximately $632,122. The trade was a 53.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,098 shares of company stock worth $1,760,588. 0.82% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Performance

Shares of LHX stock traded up $0.64 during mid-day trading on Wednesday, reaching $213.07. 838,982 shares of the company's stock traded hands, compared to its average volume of 1,348,938. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74. The firm has a 50 day moving average price of $209.62 and a two-hundred day moving average price of $226.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market capitalization of $40.00 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued 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 forecast that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $1.20 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 2.25%. L3Harris Technologies's payout ratio is 60.99%.

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.