Advisors Asset Management Inc. Buys 5,606 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Advisors Asset Management Inc. boosted its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,479 shares of the company's stock after buying an additional 5,606 shares during the period. Advisors Asset Management Inc.'s holdings in L3Harris Technologies were worth $6,409,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of L3Harris Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,734,832 shares of the company's stock valued at $1,122,630,000 after purchasing an additional 59,008 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of L3Harris Technologies during the 4th quarter worth approximately $398,507,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of L3Harris Technologies by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,542,333 shares of the company's stock worth $366,875,000 after buying an additional 85,882 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of L3Harris Technologies by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,210,107 shares of the company's stock worth $254,461,000 after buying an additional 32,979 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of L3Harris Technologies by 29.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock valued at $184,245,000 after acquiring an additional 178,407 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

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L3Harris Technologies Stock Down 0.8 %

LHX stock traded down $1.74 during trading on Friday, reaching $208.15. The stock had a trading volume of 1,931,912 shares, compared to its average volume of 921,848. 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 company has a market capitalization of $39.07 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.42 and a beta of 0.74. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The company's 50 day moving average is $209.80 and its two-hundred day moving average is $226.20.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced 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 return on equity of 13.11% and a net margin of 7.04%. Equities research analysts forecast that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $1.20 per share. The ex-dividend date was Monday, March 10th. This is a positive change from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a dividend yield of 2.31%. L3Harris Technologies's dividend payout ratio (DPR) is currently 60.99%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Raymond James lowered shares of L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Susquehanna cut their price objective on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley reduced their target price on 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. Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $240.00 price objective on shares of L3Harris Technologies in a research note on Friday, January 31st. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $261.40.

Insider Transactions at L3Harris Technologies

In other news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the transaction, the insider now owns 30,620 shares of the company's stock, valued at $6,475,517.60. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon Rambeau sold 3,178 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total value of $718,228.00. Following the transaction, the insider now owns 2,797 shares of the company's stock, valued at $632,122. The trade was a 53.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,098 shares of company stock worth $1,760,588 in the last ninety days. Company insiders own 0.72% of the company's stock.

L3Harris Technologies Company Profile

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.