L3Harris Technologies, Inc. (NYSE:LHX) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 90,963 shares of the company's stock after purchasing an additional 3,405 shares during the quarter. Royal London Asset Management Ltd.'s holdings in L3Harris Technologies were worth $19,128,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LHX. Measured Wealth Private Client Group LLC increased its position in L3Harris Technologies by 5.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock valued at $200,000 after acquiring an additional 50 shares during the last quarter. Avestar Capital LLC grew its holdings in L3Harris Technologies by 4.2% during the 3rd quarter. Avestar Capital LLC now owns 1,255 shares of the company's stock valued at $299,000 after purchasing an additional 51 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in L3Harris Technologies by 3.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,561 shares of the company's stock valued at $328,000 after purchasing an additional 51 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in L3Harris Technologies by 2.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock worth $514,000 after purchasing an additional 53 shares during the last quarter. Finally, Klingman & Associates LLC boosted its position in shares of L3Harris Technologies by 2.8% during the fourth quarter. Klingman & Associates LLC now owns 1,933 shares of the company's stock valued at $406,000 after buying an additional 53 shares during the period. Institutional investors own 84.76% of the company's stock.

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L3Harris Technologies Stock Down 0.3 %

LHX stock traded down $0.59 during trading on Wednesday, reaching $211.97. 1,026,135 shares of the company traded hands, compared to its average volume of 1,337,885. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.90 and a current ratio of 1.08. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The business has a 50 day simple moving average of $209.70 and a 200 day simple moving average of $225.87. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. On average, equities research analysts anticipate that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $1.20 dividend. This is a positive change from L3Harris Technologies's previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 10th. L3Harris Technologies's dividend payout ratio (DPR) is presently 60.99%.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the transaction, the insider now owns 30,620 shares in the company, valued at approximately $6,475,517.60. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Rambeau sold 3,178 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $226.00, for a total value of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares in the company, valued at $632,122. The trade was a 53.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,334 shares of company stock valued at $1,383,709 in the last ninety days. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

LHX has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on L3Harris Technologies from $269.00 to $268.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. UBS Group raised their price target on shares of L3Harris Technologies from $228.00 to $237.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Argus raised shares of L3Harris Technologies from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a research report on Tuesday, November 26th. Finally, Susquehanna reduced their target price on shares of L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $261.40.

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.