L3Harris Technologies, Inc. (NYSE:LHX) Holdings Raised by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 130.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,241 shares of the company's stock after purchasing an additional 1,835 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in L3Harris Technologies were worth $682,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of L3Harris Technologies in the fourth quarter worth $27,000. Archer Investment Corp increased its holdings in L3Harris Technologies by 48.9% in the 3rd quarter. Archer Investment Corp now owns 131 shares of the company's stock valued at $31,000 after purchasing an additional 43 shares in the last quarter. Roxbury Financial LLC acquired a new stake in L3Harris Technologies in the 4th quarter valued at $30,000. Union Bancaire Privee UBP SA purchased a new position in L3Harris Technologies in the fourth quarter valued at about $33,000. Finally, New Millennium Group LLC boosted its position in shares of L3Harris Technologies by 776.2% in the fourth quarter. New Millennium Group LLC now owns 184 shares of the company's stock worth $39,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insider Buying and Selling

In related news, insider Jon Rambeau sold 3,178 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the transaction, the insider now owns 2,797 shares of the company's stock, valued at approximately $632,122. This trade represents a 53.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ross Niebergall sold 1,764 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now directly owns 8,576 shares in the company, valued at approximately $1,917,765.12. This trade represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,862 shares of company stock valued at $2,155,054. 0.82% of the stock is owned by corporate insiders.

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L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock traded up $0.24 during trading on Friday, hitting $211.42. The stock had a trading volume of 960,650 shares, compared to its average volume of 923,924. The business has a fifty day moving average of $209.26 and a two-hundred day moving average of $227.02. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The firm has a market cap of $39.69 billion, a P/E ratio of 26.86, a PEG ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping 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, sell-side analysts expect that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America decreased their target price on shares of L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Citigroup decreased their price objective 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. Deutsche Bank Aktiengesellschaft dropped their target price on L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. UBS Group raised their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Truist Financial cut their target price on L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.40.

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.