L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC reduced its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 89.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373 shares of the company's stock after selling 3,103 shares during the period. Pathway Financial Advisers LLC's holdings in L3Harris Technologies were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Koshinski Asset Management Inc. lifted its stake in shares of L3Harris Technologies by 2.7% in the third quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company's stock worth $385,000 after buying an additional 42 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of L3Harris Technologies by 3.1% in the second quarter. RFG Advisory LLC now owns 1,416 shares of the company's stock worth $318,000 after buying an additional 43 shares in the last quarter. Blossom Wealth Management lifted its stake in shares of L3Harris Technologies by 1.7% in the third quarter. Blossom Wealth Management now owns 2,538 shares of the company's stock worth $604,000 after buying an additional 43 shares in the last quarter. Optas LLC lifted its stake in shares of L3Harris Technologies by 3.3% in the second quarter. Optas LLC now owns 1,381 shares of the company's stock worth $310,000 after buying an additional 44 shares in the last quarter. Finally, Founders Financial Securities LLC lifted its stake in shares of L3Harris Technologies by 2.8% in the second quarter. Founders Financial Securities LLC now owns 1,774 shares of the company's stock worth $398,000 after buying an additional 48 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

L3Harris Technologies Stock Up 3.5 %

Shares of LHX stock traded up $8.64 during trading on Friday, reaching $252.81. The company's stock had a trading volume of 1,622,126 shares, compared to its average volume of 626,107. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.74. The company has a market capitalization of $47.96 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 2.10 and a beta of 0.73. The stock's 50-day moving average price is $237.08 and its 200 day moving average price is $227.34. L3Harris Technologies, Inc. has a 1-year low of $169.55 and a 1-year high of $258.89.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating analysts' consensus estimates of $3.27 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.28 billion. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 earnings per share. On average, research analysts anticipate that L3Harris Technologies, Inc. will post 13.06 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, November 18th. L3Harris Technologies's dividend payout ratio (DPR) is currently 74.24%.

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 2,988 shares of L3Harris Technologies stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $244.68, for a total value of $731,103.84. Following the completion of the transaction, the insider now owns 13,328 shares in the company, valued at approximately $3,261,095.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LHX shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of L3Harris Technologies from $252.00 to $250.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Truist Financial lifted their target price on shares of L3Harris Technologies from $250.00 to $293.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Susquehanna lifted their target price on shares of L3Harris Technologies from $260.00 to $270.00 and gave the stock a "positive" rating in a research note on Monday, July 29th. Barclays lifted their target price on shares of L3Harris Technologies from $245.00 to $265.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. Finally, Wolfe Research raised shares of L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 target price on the stock in a research note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.71.

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.