L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by National Pension Service

National Pension Service grew its position in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 606,047 shares of the company's stock after purchasing an additional 179,539 shares during the quarter. National Pension Service owned approximately 0.32% of L3Harris Technologies worth $127,440,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in L3Harris Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,734,832 shares of the company's stock worth $1,122,630,000 after purchasing an additional 59,008 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 worth $366,875,000 after buying an additional 85,882 shares during the last quarter. Mizuho Markets Americas LLC boosted 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 buying an additional 166,262 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of L3Harris Technologies by 29.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock valued at $184,245,000 after buying an additional 178,407 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in L3Harris Technologies by 4.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 455,095 shares of the company's stock worth $108,253,000 after acquiring an additional 20,808 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX traded up $1.33 on Friday, hitting $206.23. 1,245,205 shares of the company's stock were exchanged, compared to its average volume of 1,351,318. The firm's 50-day moving average price is $209.05 and its two-hundred day moving average price is $228.21. The firm has a market cap of $38.84 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 2.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74.

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 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%. On average, research analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their price objective on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Argus upgraded L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Tuesday, November 26th. UBS Group boosted their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Citigroup lowered their target price on shares of L3Harris Technologies from $291.00 to $285.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Truist Financial reduced their price target on shares of L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $261.47.

Insider Activity

In other news, insider Ross Niebergall sold 1,764 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,812 shares of the company's stock, valued at $1,455,383.80. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 4,901 shares of company stock worth $1,059,757. Company insiders own 0.82% of the company's stock.

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.