L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,006 shares of the company's stock after selling 14,206 shares during the quarter. Mondrian Investment Partners LTD owned 0.20% of L3Harris Technologies worth $78,445,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LHX. Sigma Planning Corp boosted its holdings in L3Harris Technologies by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 2,613 shares of the company's stock valued at $622,000 after purchasing an additional 49 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of L3Harris Technologies by 132.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,715 shares of the company's stock valued at $1,122,000 after buying an additional 2,683 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of L3Harris Technologies by 18.0% in the third quarter. Aptus Capital Advisors LLC now owns 2,657 shares of the company's stock valued at $632,000 after buying an additional 405 shares in the last quarter. KBC Group NV grew its holdings in L3Harris Technologies by 3.5% during the third quarter. KBC Group NV now owns 17,305 shares of the company's stock worth $4,116,000 after acquiring an additional 585 shares during the period. Finally, Zions Bancorporation N.A. raised its position in L3Harris Technologies by 21.7% in the third quarter. Zions Bancorporation N.A. now owns 2,152 shares of the company's stock worth $512,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

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Insiders Place Their Bets

In other L3Harris Technologies news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies 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 completion of the sale, the insider now owns 2,797 shares in the company, valued at $632,122. The trade was a 53.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ross Niebergall sold 1,764 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $213.65, for a total transaction of $376,878.60. Following the transaction, the insider now 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. Insiders have sold a total of 8,098 shares of company stock valued at $1,760,588 in the last quarter. 0.82% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LHX has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Sanford C. Bernstein raised shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased 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, Barclays dropped their price objective on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $261.40.

L3Harris Technologies Price Performance

Shares of LHX traded down $0.52 during trading hours on Tuesday, reaching $212.46. 973,928 shares of the company traded hands, compared to its average volume of 924,415. The stock has a market capitalization of $39.88 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The stock has a fifty day simple moving average of $209.44 and a 200 day simple moving average of $226.84. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. As a group, research analysts predict that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $1.20 dividend. The ex-dividend date is Monday, March 10th. This is an increase from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a yield of 2.26%. L3Harris Technologies's payout ratio is 60.99%.

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.