Natixis Advisors LLC Sells 2,282 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Natixis Advisors LLC trimmed its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,656 shares of the company's stock after selling 2,282 shares during the quarter. Natixis Advisors LLC owned about 0.11% of L3Harris Technologies worth $44,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LHX. OneDigital Investment Advisors LLC lifted its stake in L3Harris Technologies by 0.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,915 shares of the company's stock worth $1,883,000 after purchasing an additional 40 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in L3Harris Technologies by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock worth $200,000 after purchasing an additional 50 shares during the last quarter. Avestar Capital LLC lifted its stake in L3Harris Technologies by 4.2% during the third quarter. Avestar Capital LLC now owns 1,255 shares of the company's stock worth $299,000 after purchasing an additional 51 shares during the last quarter. Premier Path Wealth Partners LLC lifted its stake in shares of L3Harris Technologies by 3.4% in 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. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of L3Harris Technologies by 2.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock valued at $514,000 after acquiring an additional 53 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the transaction, the insider now directly owns 2,797 shares in the company, valued at approximately $632,122. The trade was a 53.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ross Niebergall sold 1,373 shares of L3Harris Technologies stock in a transaction on Monday, December 30th. The shares were sold at an average price of $210.06, for a total value of $288,412.38. Following the transaction, the insider now owns 5,049 shares in the company, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,098 shares of company stock valued at $1,760,588 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LHX. JPMorgan Chase & Co. lowered their target price on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Truist Financial lowered their target price on L3Harris Technologies from $283.00 to $274.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Susquehanna lowered their target price on L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Raymond James lowered L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on L3Harris Technologies from $269.00 to $268.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $261.40.

L3Harris Technologies Stock Down 1.5 %

Shares of L3Harris Technologies stock traded down $3.13 during midday trading on Thursday, hitting $209.91. The company had a trading volume of 1,188,729 shares, compared to its average volume of 919,560. 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 capitalization of $39.40 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.42 and a beta of 0.74. The company has a 50 day moving average of $209.74 and a 200 day moving average of $226.58. L3Harris Technologies, Inc. has a 52-week low of $193.09 and a 52-week high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating 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%. On average, equities analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.29%. This is a boost from L3Harris Technologies's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Monday, March 10th. L3Harris Technologies's dividend payout ratio is presently 60.99%.

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.