L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by NBT Bank N A NY

NBT Bank N A NY decreased its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,900 shares of the company's stock after selling 2,325 shares during the period. NBT Bank N A NY's holdings in L3Harris Technologies were worth $1,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LHX. Geode Capital Management LLC boosted its stake in shares of L3Harris Technologies by 1.3% during the third 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. purchased a new stake in L3Harris Technologies during the fourth quarter worth $398,507,000. Massachusetts Financial Services Co. MA boosted its position in 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 valued at $366,875,000 after acquiring an additional 85,882 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $254,461,000 after acquiring an additional 32,979 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in shares of L3Harris Technologies by 25.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company's stock valued at $195,704,000 after acquiring an additional 166,262 shares during the period. Institutional investors own 84.76% of the company's stock.

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Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the transaction, the insider now directly owns 30,620 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ross Niebergall sold 1,764 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $213.65, for a total transaction of $376,878.60. Following the transaction, the insider now directly owns 6,812 shares in the company, valued at approximately $1,455,383.80. The trade was a 20.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,862 shares of company stock worth $2,155,054. 0.82% of the stock is owned by company insiders.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX traded up $0.24 during midday trading on Friday, reaching $211.42. The company's stock had a trading volume of 960,650 shares, compared to its average volume of 930,719. 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 stock has a fifty day moving average of $209.23 and a 200 day moving average of $227.17. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The firm has a market capitalization of $39.81 billion, a PE ratio of 26.86, a P/E/G ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating 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%. On average, equities analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal 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 $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 dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, March 10th. L3Harris Technologies's payout ratio is currently 60.99%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LHX. Argus raised L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research report on Tuesday, November 26th. UBS Group raised their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Morgan Stanley reduced their price objective on shares of 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. Citigroup lowered 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 note on Monday, February 10th. Finally, Barclays cut their price target on shares of L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.