Wealth Enhancement Advisory Services LLC Sells 3,024 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 6.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,814 shares of the company's stock after selling 3,024 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in L3Harris Technologies were worth $9,708,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LHX. Koshinski Asset Management Inc. boosted its holdings in L3Harris Technologies by 2.7% in the third quarter. Koshinski Asset Management Inc. now owns 1,620 shares of the company's stock valued at $385,000 after acquiring an additional 42 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of L3Harris Technologies by 3.1% in the 2nd quarter. RFG Advisory LLC now owns 1,416 shares of the company's stock valued at $318,000 after purchasing an additional 43 shares during the period. Blossom Wealth Management boosted its position in shares of 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 purchasing an additional 43 shares during the last quarter. Optas LLC grew its stake in shares of L3Harris Technologies by 3.3% during the second quarter. Optas LLC now owns 1,381 shares of the company's stock worth $310,000 after purchasing an additional 44 shares during the period. Finally, Founders Financial Securities LLC increased its holdings in L3Harris Technologies by 2.8% in the second quarter. Founders Financial Securities LLC now owns 1,774 shares of the company's stock valued at $398,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Stock Up 0.2 %

Shares of LHX traded up $0.48 during mid-day trading on Wednesday, hitting $245.55. 332,977 shares of the company's stock were exchanged, compared to its average volume of 908,367. 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 52 week low of $176.15 and a 52 week high of $258.89. The company has a market cap of $46.58 billion, a PE ratio of 39.78, a P/E/G ratio of 2.10 and a beta of 0.73. The company has a 50-day simple moving average of $237.74 and a 200 day simple moving average of $228.12.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its earnings results 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. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that L3Harris Technologies, Inc. will post 13.06 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a dividend of $1.16 per share. The ex-dividend date is Monday, November 18th. This represents a $4.64 annualized dividend and a yield of 1.89%. L3Harris Technologies's payout ratio is presently 75.32%.

Insider Activity at L3Harris Technologies

In other news, insider Ross Niebergall sold 2,988 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $236.68, for a total transaction of $707,199.84. Following the sale, the insider now owns 16,316 shares in the company, valued at $3,861,670.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LHX. Royal Bank of Canada boosted their target price on L3Harris Technologies from $240.00 to $265.00 and gave the stock a "sector perform" rating in a research report on Monday. Susquehanna upped their target price on shares of L3Harris Technologies from $260.00 to $270.00 and gave the company a "positive" rating in a research note on Monday, July 29th. Truist Financial boosted their price target on shares of L3Harris Technologies from $293.00 to $300.00 and gave the company a "buy" rating in a report on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on L3Harris Technologies from $252.00 to $250.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup raised their price target on L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $261.50.

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.