12,931 Shares in L3Harris Technologies, Inc. (NYSE:LHX) Acquired by Second Half Financial Partners LLC

Second Half Financial Partners LLC acquired a new stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,931 shares of the company's stock, valued at approximately $3,076,000. L3Harris Technologies makes up 1.6% of Second Half Financial Partners LLC's investment portfolio, making the stock its 20th largest holding.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth approximately $210,886,000. Envestnet Asset Management Inc. increased its position in L3Harris Technologies by 236.8% in the second quarter. Envestnet Asset Management Inc. now owns 989,340 shares of the company's stock worth $222,186,000 after purchasing an additional 695,582 shares during the last quarter. Bank of New York Mellon Corp raised its stake in L3Harris Technologies by 19.7% during the second quarter. Bank of New York Mellon Corp now owns 3,174,181 shares of the company's stock valued at $712,858,000 after purchasing an additional 523,315 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in L3Harris Technologies by 65.2% during the second quarter. The Manufacturers Life Insurance Company now owns 434,287 shares of the company's stock valued at $97,532,000 after purchasing an additional 171,420 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of L3Harris Technologies by 23,627.0% in the 3rd quarter. International Assets Investment Management LLC now owns 170,597 shares of the company's stock worth $40,580,000 after buying an additional 169,878 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Trading Down 0.3 %

LHX stock traded down $0.72 during trading on Tuesday, hitting $243.55. The company had a trading volume of 784,069 shares, compared to its average volume of 910,365. L3Harris Technologies, Inc. has a 52-week low of $184.34 and a 52-week high of $265.74. The company has a 50 day simple moving average of $243.46 and a 200-day simple moving average of $232.52. The firm has a market capitalization of $46.19 billion, a P/E ratio of 38.82, a PEG ratio of 2.06 and a beta of 0.72. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

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

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, November 18th. L3Harris Technologies's dividend payout ratio is 73.30%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of L3Harris Technologies from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Barclays upped their price objective on L3Harris Technologies from $245.00 to $265.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on L3Harris Technologies from $252.00 to $250.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Susquehanna increased their price target on L3Harris Technologies from $260.00 to $270.00 and gave the company a "positive" rating in a report on Monday, July 29th. Finally, StockNews.com upgraded L3Harris Technologies from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $267.50.

Insiders Place Their Bets

In related news, insider Ross Niebergall sold 2,988 shares of L3Harris Technologies stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $236.68, for a total value of $707,199.84. Following the completion of the sale, the insider now directly owns 16,316 shares in the company, valued at $3,861,670.88. The trade was a 15.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 8,964 shares of company stock worth $2,179,119. 0.87% of the stock is currently owned by company insiders.

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.