Ross Niebergall Sells 1,373 Shares of L3Harris Technologies, Inc. (NYSE:LHX) Stock

L3Harris Technologies, Inc. (NYSE:LHX - Get Free Report) insider Ross Niebergall sold 1,373 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total value of $288,412.38. Following the transaction, the insider now owns 5,049 shares of the company's stock, valued at approximately $1,060,592.94. This trade represents a 21.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ross Niebergall also recently made the following trade(s):

• On Monday, December 23rd, Ross Niebergall sold 1,764 shares of L3Harris Technologies stock. The shares were sold at an average price of $213.65, for a total transaction of $376,878.60.
• On Monday, December 16th, Ross Niebergall sold 1,764 shares of L3Harris Technologies stock. The shares were sold at an average price of $223.62, for a total value of $394,465.68.
• On Monday, November 4th, Ross Niebergall sold 2,988 shares of L3Harris Technologies stock. The stock was sold at an average price of $247.93, for a total value of $740,814.84.
• On Wednesday, October 2nd, Ross Niebergall sold 2,988 shares of L3Harris Technologies stock. The stock was sold at an average price of $244.68, for a total value of $731,103.84.

L3Harris Technologies Trading Up 0.6 %

LHX stock traded up $1.34 during mid-day trading on Tuesday, reaching $210.28. 840,289 shares of the stock traded hands, compared to its average volume of 918,192. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74. The stock has a market capitalization of $39.88 billion, a PE ratio of 33.22, a PEG ratio of 1.91 and a beta of 0.72. 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 business has a 50-day moving average price of $237.48 and a two-hundred day moving average price of $234.30.

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

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Monday, November 18th. L3Harris Technologies's dividend payout ratio is currently 73.30%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LHX. Wolfe Research upgraded shares of L3Harris Technologies from a "peer perform" rating to an "outperform" rating and set a $300.00 price objective on the stock in a research report on Thursday, October 10th. StockNews.com upgraded shares of L3Harris Technologies from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Wells Fargo & Company cut their price objective on L3Harris Technologies from $295.00 to $287.00 and set an "overweight" rating for the company in a research report on Wednesday, December 11th. 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, October 28th. Finally, Bank of America raised L3Harris Technologies from a "neutral" rating to a "buy" rating and increased their price target for the company from $240.00 to $300.00 in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $269.13.

Hedge Funds Weigh In On L3Harris Technologies

A number of large investors have recently bought and sold shares of LHX. JPMorgan Chase & Co. lifted its position in shares of L3Harris Technologies by 29.9% during the third quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company's stock worth $184,245,000 after purchasing an additional 178,407 shares during the last quarter. Independent Solutions Wealth Management LLC purchased a new position in L3Harris Technologies in the 3rd quarter worth about $250,000. Principal Financial Group Inc. lifted its holdings in L3Harris Technologies by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 220,269 shares of the company's stock valued at $52,395,000 after buying an additional 4,321 shares in the last quarter. Copley Financial Group Inc. purchased a new stake in L3Harris Technologies in the 3rd quarter valued at about $449,000. Finally, Franklin Resources Inc. grew its stake in L3Harris Technologies by 0.6% in the 3rd quarter. Franklin Resources Inc. now owns 218,228 shares of the company's stock worth $54,171,000 after acquiring an additional 1,221 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

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.