R Squared Ltd Takes $492,000 Position in L3Harris Technologies, Inc. (NYSE:LHX)

R Squared Ltd acquired a new stake in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,340 shares of the company's stock, valued at approximately $492,000. L3Harris Technologies makes up about 0.5% of R Squared Ltd's holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of LHX. Archer Investment Corp increased its position in L3Harris Technologies by 48.9% during the third quarter. Archer Investment Corp now owns 131 shares of the company's stock worth $31,000 after acquiring an additional 43 shares during the period. Kennebec Savings Bank acquired a new position in shares of L3Harris Technologies during the 3rd quarter worth approximately $36,000. Union Bancaire Privee UBP SA bought a new position in shares of L3Harris Technologies during the fourth quarter worth approximately $33,000. Trust Co. of Vermont raised its position in shares of L3Harris Technologies by 78.9% in the fourth quarter. Trust Co. of Vermont now owns 195 shares of the company's stock valued at $41,000 after buying an additional 86 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of L3Harris Technologies by 84.0% in the fourth quarter. MCF Advisors LLC now owns 241 shares of the company's stock valued at $51,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

L3Harris Technologies Trading Down 0.6 %

Shares of NYSE:LHX traded down $1.28 during mid-day trading on Wednesday, reaching $212.02. 988,101 shares of the company's stock were exchanged, compared to its average volume of 1,166,628. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04. L3Harris Technologies, Inc. has a twelve month low of $200.18 and a twelve month high of $265.74. The firm has a market capitalization of $40.21 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.75 and a beta of 0.75. The business's fifty day moving average price is $222.57 and its 200-day moving average price is $232.71.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Ross Niebergall sold 1,373 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the sale, the insider now owns 5,049 shares of the company's stock, valued at approximately $1,060,592.94. This represents a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 7,889 shares of company stock valued at $1,800,572. 0.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on LHX. Argus upgraded L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective on the stock in a research note on Tuesday, November 26th. 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their target price on shares of L3Harris Technologies from $270.00 to $265.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Finally, Susquehanna cut their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, L3Harris Technologies has an average rating of "Moderate Buy" and a consensus price target of $266.19.

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.