L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,130 shares of the company's stock after purchasing an additional 4,028 shares during the quarter. Sterling Capital Management LLC's holdings in L3Harris Technologies were worth $2,971,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in L3Harris Technologies by 234.3% during the fourth quarter. Meeder Asset Management Inc. now owns 117 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of L3Harris Technologies during the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in L3Harris Technologies in the 4th quarter valued at about $27,000. Roxbury Financial LLC acquired a new stake in L3Harris Technologies in the 4th quarter worth about $30,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in L3Harris Technologies during the 4th quarter worth approximately $33,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Edward J. Zoiss sold 1,783 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the transaction, the insider now owns 30,620 shares of the company's stock, valued at $6,475,517.60. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jon Rambeau sold 3,178 shares of the firm'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 sale, the insider now directly owns 2,797 shares in the company, valued at $632,122. This trade represents a 53.19 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LHX shares. Jefferies Financial Group decreased their target price on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $240.00 target price on shares of L3Harris Technologies in a research note on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Raymond James lowered shares of L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group upgraded shares of L3Harris Technologies from a "sell" rating to a "buy" rating and increased their price objective for the company from $198.00 to $263.00 in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.35.

L3Harris Technologies Trading Down 0.4 %

Shares of NYSE LHX traded down $0.87 during mid-day trading on Friday, reaching $218.01. 1,411,617 shares of the company's stock were exchanged, compared to its average volume of 1,001,265. The company's 50-day moving average is $208.64 and its 200-day moving average is $223.37. 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 firm has a market capitalization of $40.92 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.42 and a beta of 0.71. L3Harris Technologies, Inc. has a 52-week low of $193.09 and a 52-week high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last announced its 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 net margin of 7.04% and a return on equity of 13.11%. Analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

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

About L3Harris Technologies

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.