L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 23,627.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,597 shares of the company's stock after buying an additional 169,878 shares during the quarter. International Assets Investment Management LLC owned approximately 0.09% of L3Harris Technologies worth $40,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Community Trust & Investment Co. grew its position in shares of L3Harris Technologies by 1.2% in the third quarter. Community Trust & Investment Co. now owns 63,108 shares of the company's stock valued at $15,012,000 after purchasing an additional 753 shares during the period. Blossom Wealth Management boosted its holdings in L3Harris Technologies by 1.7% in the 3rd quarter. Blossom Wealth Management now owns 2,538 shares of the company's stock worth $604,000 after buying an additional 43 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in L3Harris Technologies by 0.6% during the 3rd quarter. Stanley Laman Group Ltd. now owns 18,175 shares of the company's stock worth $4,323,000 after buying an additional 104 shares in the last quarter. Leo Wealth LLC acquired a new position in shares of L3Harris Technologies during the third quarter valued at approximately $208,000. Finally, Eastern Bank purchased a new position in shares of L3Harris Technologies in the third quarter valued at approximately $368,000. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insider Activity

In other news, insider Ross Niebergall sold 2,988 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $244.68, for a total transaction of $731,103.84. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LHX shares. Wells Fargo & Company increased their price objective on L3Harris Technologies from $260.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of L3Harris Technologies from $240.00 to $265.00 and gave the stock a "sector perform" rating in a research note on Monday. Barclays upped their price objective on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Susquehanna raised 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $252.00 to $250.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $261.50.

L3Harris Technologies Stock Down 1.9 %

Shares of LHX stock traded down $4.77 during trading on Monday, reaching $248.04. The company's stock had a trading volume of 1,033,395 shares, compared to its average volume of 912,305. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.74. L3Harris Technologies, Inc. has a 1-year low of $172.30 and a 1-year high of $258.89. The company has a market capitalization of $47.06 billion, a price-to-earnings ratio of 40.10, 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 $227.50.

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

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, November 18th. L3Harris Technologies's dividend payout ratio (DPR) is presently 74.24%.

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.