MML Investors Services LLC Grows Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

MML Investors Services LLC boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,311 shares of the company's stock after acquiring an additional 4,148 shares during the period. MML Investors Services LLC's holdings in L3Harris Technologies were worth $9,528,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. MetLife Investment Management LLC boosted its stake in L3Harris Technologies by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 50,194 shares of the company's stock worth $10,555,000 after purchasing an additional 873 shares in the last quarter. Norinchukin Bank The raised its holdings in L3Harris Technologies by 12.6% in the fourth quarter. Norinchukin Bank The now owns 9,136 shares of the company's stock worth $1,921,000 after buying an additional 1,022 shares during the last quarter. Capital International Inc. CA lifted its stake in shares of L3Harris Technologies by 25.2% in the fourth quarter. Capital International Inc. CA now owns 59,802 shares of the company's stock worth $12,575,000 after buying an additional 12,027 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of L3Harris Technologies by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,412,818 shares of the company's stock valued at $297,087,000 after buying an additional 14,344 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of L3Harris Technologies by 6.4% during the fourth quarter. First Trust Advisors LP now owns 271,415 shares of the company's stock valued at $57,073,000 after acquiring an additional 16,417 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock opened at $216.06 on Thursday. The stock's fifty day moving average is $209.80 and its 200 day moving average is $222.59. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The stock has a market cap of $40.56 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.42 and a beta of 0.71.

L3Harris Technologies (NYSE:LHX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping 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%. Sell-side analysts anticipate that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a $1.20 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.22%. L3Harris Technologies's payout ratio is currently 60.99%.

Insider Transactions at L3Harris Technologies

In other news, insider Edward J. Zoiss sold 1,783 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jon Rambeau sold 3,178 shares of the stock in a transaction dated 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 owns 2,797 shares of the company's stock, valued at $632,122. This represents a 53.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LHX shares. Barclays lowered their price objective on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. UBS Group upped their price target on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $240.00 price objective on shares of L3Harris Technologies in a report on Friday, January 31st. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $289.00 to $267.00 in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and lifted their price target for the stock from $198.00 to $263.00 in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.50.

L3Harris Technologies 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.

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