Vinva Investment Management Ltd Has $1.34 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Vinva Investment Management Ltd grew its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 312.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,410 shares of the company's stock after purchasing an additional 4,857 shares during the period. Vinva Investment Management Ltd's holdings in L3Harris Technologies were worth $1,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC lifted its holdings in L3Harris Technologies by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock worth $200,000 after acquiring an additional 50 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of L3Harris Technologies by 4.2% during the 3rd quarter. Avestar Capital LLC now owns 1,255 shares of the company's stock valued at $299,000 after purchasing an additional 51 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in L3Harris Technologies by 3.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,561 shares of the company's stock worth $328,000 after purchasing an additional 51 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in L3Harris Technologies by 2.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock worth $514,000 after buying an additional 53 shares during the period. Finally, Klingman & Associates LLC lifted its stake in L3Harris Technologies by 2.8% in the fourth quarter. Klingman & Associates LLC now owns 1,933 shares of the company's stock valued at $406,000 after buying an additional 53 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

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L3Harris Technologies Stock Performance

Shares of LHX traded up $2.90 during mid-day trading on Monday, reaching $210.88. The company's stock had a trading volume of 861,549 shares, compared to its average volume of 921,464. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74. The business has a 50-day simple moving average of $209.74 and a two-hundred day simple moving average of $225.98. The stock has a market cap of $39.59 billion, a P/E ratio of 26.80, a PEG ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. As a group, equities research analysts anticipate 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 was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $1.20 dividend. This is a boost from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, March 10th. L3Harris Technologies's dividend payout ratio is currently 60.99%.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the 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 in the company, valued at $6,475,517.60. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction on Monday, December 30th. The stock was sold at an average price of $210.06, for a total value of $288,412.38. Following the sale, the insider now directly owns 5,049 shares of the company's stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,334 shares of company stock worth $1,383,709 over the last three months. Insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LHX shares. Truist Financial dropped their price objective on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Bank of America dropped their price target on 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 decreased their price objective on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. 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. Finally, JPMorgan Chase & Co. reduced their price target on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $261.40.

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.