Quantinno Capital Management LP Has $4.29 Million Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Quantinno Capital Management LP raised its stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,020 shares of the company's stock after acquiring an additional 2,952 shares during the period. Quantinno Capital Management LP's holdings in L3Harris Technologies were worth $4,287,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its holdings in L3Harris Technologies by 260.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 119 shares of the company's stock valued at $27,000 after purchasing an additional 86 shares during the last quarter. Archer Investment Corp raised its stake in shares of L3Harris Technologies by 48.9% in the third quarter. Archer Investment Corp now owns 131 shares of the company's stock valued at $31,000 after acquiring an additional 43 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of L3Harris Technologies in the 3rd quarter worth approximately $36,000. Family Firm Inc. bought a new stake in L3Harris Technologies during the 2nd quarter worth approximately $45,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in L3Harris Technologies during the 2nd quarter valued at $57,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on LHX. Citigroup increased their target price on L3Harris Technologies from $268.00 to $291.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their target price 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, October 28th. Wolfe Research raised shares of L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 price target on the stock in a research note on Thursday, October 10th. Argus upgraded L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Tuesday, November 26th. Finally, Bank of America upgraded L3Harris Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $240.00 to $300.00 in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $269.67.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $244.68, for a total transaction of $731,103.84. Following the transaction, the insider now owns 13,328 shares of the company's stock, valued at $3,261,095.04. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.82% of the company's stock.

L3Harris Technologies Trading Down 2.1 %

LHX stock traded down $4.88 during midday trading on Monday, hitting $229.76. 1,260,462 shares of the company's stock were exchanged, compared to its average volume of 909,067. L3Harris Technologies, Inc. has a one year low of $196.42 and a one year high of $265.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04. The company has a market cap of $43.58 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.96 and a beta of 0.72. The stock's fifty day moving average price is $246.69 and its 200-day moving average price is $234.77.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. L3Harris Technologies's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 EPS. Research analysts predict that L3Harris Technologies, Inc. will post 13.09 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were given a $1.16 dividend. The ex-dividend date was Monday, November 18th. This represents a $4.64 annualized dividend and a yield of 2.02%. L3Harris Technologies's dividend payout ratio is currently 73.30%.

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.