SageView Advisory Group LLC Boosts Stake in L3Harris Technologies, Inc. (NYSE:LHX)

SageView Advisory Group LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,336 shares of the company's stock after purchasing an additional 1,192 shares during the quarter. SageView Advisory Group LLC's holdings in L3Harris Technologies were worth $1,122,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of L3Harris Technologies in the 4th quarter valued at approximately $398,507,000. Invesco Ltd. raised its position in L3Harris Technologies by 30.5% in the fourth quarter. Invesco Ltd. now owns 2,235,077 shares of the company's stock valued at $469,992,000 after purchasing an additional 522,861 shares during the period. Vanguard Group Inc. lifted its stake in L3Harris Technologies by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 23,281,023 shares of the company's stock worth $4,895,534,000 after purchasing an additional 401,168 shares in the last quarter. FMR LLC boosted its position in shares of L3Harris Technologies by 11.5% during the fourth quarter. FMR LLC now owns 2,261,999 shares of the company's stock worth $475,653,000 after buying an additional 233,968 shares during the period. Finally, Boston Partners boosted its position in shares of L3Harris Technologies by 20.2% during the fourth quarter. Boston Partners now owns 1,178,741 shares of the company's stock worth $247,893,000 after buying an additional 198,243 shares during the period. Institutional investors and hedge funds own 84.76% of the company's stock.

Insiders Place Their Bets

In other L3Harris Technologies news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 2,797 shares of the company's stock, valued at approximately $632,122. The trade was a 53.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $211.48, for a total value of $377,068.84. Following the completion of the sale, the insider now directly owns 30,620 shares of the company's stock, valued at approximately $6,475,517.60. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

L3Harris Technologies Stock Performance

Shares of LHX traded down $0.87 during mid-day trading on Friday, hitting $218.01. 1,411,617 shares of the company's stock were exchanged, compared to its average volume of 1,002,536. The firm has a market capitalization of $40.92 billion, a P/E ratio of 27.70, a P/E/G ratio of 2.42 and a beta of 0.71. L3Harris Technologies, Inc. has a fifty-two week low of $193.09 and a fifty-two week high of $265.74. The business's 50 day moving average is $208.87 and its two-hundred day moving average is $223.18. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57.

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

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.20%. L3Harris Technologies's dividend payout ratio (DPR) is presently 60.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LHX shares. Truist Financial decreased their target price on L3Harris Technologies from $274.00 to $264.00 and set a "buy" rating on the stock in a research note on Thursday. Sanford C. Bernstein upgraded shares of L3Harris Technologies from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $289.00 to $267.00 in a research note on Wednesday, January 8th. Morgan Stanley reduced their price objective on L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on L3Harris Technologies from $250.00 to $229.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $256.35.

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.