Stifel Financial Corp Acquires 5,586 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Stifel Financial Corp grew its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,692 shares of the company's stock after buying an additional 5,586 shares during the quarter. Stifel Financial Corp owned 0.12% of L3Harris Technologies worth $48,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC increased its stake in L3Harris Technologies by 5.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 953 shares of the company's stock worth $200,000 after purchasing an additional 50 shares during the period. Premier Path Wealth Partners LLC raised 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 buying an additional 51 shares during the last quarter. Belpointe Asset Management LLC boosted its position in L3Harris Technologies by 0.7% during the 4th quarter. Belpointe Asset Management LLC now owns 7,017 shares of the company's stock valued at $1,476,000 after buying an additional 52 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in L3Harris Technologies by 2.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,447 shares of the company's stock worth $514,000 after acquiring an additional 53 shares during the last quarter. Finally, Klingman & Associates LLC increased its position in shares of L3Harris Technologies by 2.8% in the fourth quarter. Klingman & Associates LLC now owns 1,933 shares of the company's stock valued at $406,000 after acquiring an additional 53 shares during the period. Institutional investors own 84.76% of the company's stock.

L3Harris Technologies Trading Up 0.5 %

L3Harris Technologies stock opened at $216.06 on Thursday. L3Harris Technologies, Inc. has a 12 month low of $193.09 and a 12 month high of $265.74. The company has a market capitalization of $40.56 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The business's fifty day simple moving average is $209.80 and its two-hundred day simple moving average is $222.59. 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 announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating 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%. As a group, equities analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $4.80 annualized dividend and a yield of 2.22%. L3Harris Technologies's payout ratio is 60.99%.

Insiders Place Their Bets

In other news, insider Jon Rambeau sold 3,178 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the sale, the insider now owns 2,797 shares of the company's stock, valued at $632,122. This represents a 53.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward J. Zoiss sold 1,783 shares of the firm's stock in a transaction that occurred on 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 directly owns 30,620 shares in the company, valued at approximately $6,475,517.60. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LHX has been the topic of several recent analyst reports. The Goldman Sachs Group raised L3Harris Technologies from a "sell" rating to a "buy" rating and raised their target price for the stock from $198.00 to $263.00 in a research note on Friday, April 11th. Sanford C. Bernstein upgraded L3Harris Technologies from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from $289.00 to $267.00 in a research report on Wednesday, January 8th. Royal Bank of Canada restated a "sector perform" rating and set a $240.00 target price on shares of L3Harris Technologies in a report on Friday, January 31st. Raymond James downgraded shares of L3Harris Technologies from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped 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. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.50.

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.

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