World Investment Advisors Purchases 1,576 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

World Investment Advisors boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,156 shares of the company's stock after acquiring an additional 1,576 shares during the period. World Investment Advisors' holdings in L3Harris Technologies were worth $7,182,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LHX. Measured Wealth Private Client Group LLC grew its holdings in shares of L3Harris Technologies by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock valued at $200,000 after buying an additional 50 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of L3Harris Technologies by 3.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,561 shares of the company's stock valued at $328,000 after acquiring an additional 51 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in L3Harris Technologies by 2.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock worth $514,000 after purchasing an additional 53 shares during the last quarter. Klingman & Associates LLC lifted its holdings in shares of L3Harris Technologies by 2.8% during the 4th quarter. Klingman & Associates LLC now owns 1,933 shares of the company's stock valued at $406,000 after buying an additional 53 shares during the period. Finally, Zullo Investment Group Inc. boosted its stake in shares of L3Harris Technologies by 3.2% in the 4th quarter. Zullo Investment Group Inc. now owns 1,717 shares of the company's stock worth $361,000 after buying an additional 54 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

L3Harris Technologies Price Performance

Shares of LHX stock traded up $14.02 on Wednesday, reaching $214.77. The company's stock had a trading volume of 3,826,677 shares, compared to its average volume of 984,343. The stock's fifty day simple moving average is $207.38 and its 200-day simple moving average is $223.92. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a market capitalization of $40.32 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. 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 (NYSE:LHX - Get Free Report) last posted 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%. Analysts forecast that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.23%. L3Harris Technologies's payout ratio is 60.99%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LHX shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. UBS Group raised their target price on L3Harris Technologies from $228.00 to $237.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Raymond James lowered L3Harris Technologies from an "outperform" rating to a "market perform" rating in a report on Thursday, January 2nd. Morgan Stanley decreased their price objective on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $240.00 target price on shares of L3Harris Technologies in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, L3Harris Technologies currently has an average rating of "Moderate Buy" and an average price target of $259.06.

Insider Activity

In other news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction that occurred 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 approximately $6,475,517.60. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jon Rambeau sold 3,178 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 2,797 shares of the company's stock, valued at $632,122. This represents a 53.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

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.