Tower Research Capital LLC TRC Acquires 1,819 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Tower Research Capital LLC TRC increased its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,814 shares of the company's stock after acquiring an additional 1,819 shares during the quarter. Tower Research Capital LLC TRC's holdings in L3Harris Technologies were worth $2,274,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Morse Asset Management Inc acquired a new stake in L3Harris Technologies during the third quarter worth approximately $119,000. World Investment Advisors LLC increased its position in shares of L3Harris Technologies by 220.3% in the third quarter. World Investment Advisors LLC now owns 32,580 shares of the company's stock worth $7,750,000 after purchasing an additional 22,407 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in L3Harris Technologies in the third quarter valued at about $1,704,000. Synovus Financial Corp lifted its position in L3Harris Technologies by 17.5% during the third quarter. Synovus Financial Corp now owns 6,734 shares of the company's stock worth $1,602,000 after purchasing an additional 1,003 shares during the period. Finally, Peapack Gladstone Financial Corp grew its stake in L3Harris Technologies by 0.5% during the third quarter. Peapack Gladstone Financial Corp now owns 41,577 shares of the company's stock worth $9,890,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.

L3Harris Technologies Trading Up 0.0 %

Shares of NYSE:LHX traded up $0.10 during trading on Friday, reaching $216.37. The stock had a trading volume of 1,637,041 shares, compared to its average volume of 1,018,027. L3Harris Technologies, Inc. has a 52 week low of $193.09 and a 52 week high of $265.74. 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's fifty day moving average is $210.58 and its 200 day moving average is $222.24. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.42 and a beta of 0.71.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.41 EPS for the quarter, missing analysts' consensus estimates of $2.55 by ($0.14). L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.29 billion. As a group, equities analysts forecast that L3Harris Technologies, Inc. will post 11.12 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be paid a dividend of $1.20 per share. 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 dividend payout ratio is currently 60.99%.

Insiders Place Their Bets

In other news, 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 owns 30,620 shares in the company, valued at $6,475,517.60. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jon Rambeau sold 3,178 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the transaction, the insider now directly owns 2,797 shares in the company, valued at approximately $632,122. This represents a 53.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LHX has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of L3Harris Technologies from $285.00 to $245.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Susquehanna reduced their target price on L3Harris Technologies from $300.00 to $258.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on L3Harris Technologies from $290.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. UBS Group raised their price objective on L3Harris Technologies from $228.00 to $237.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group lowered their target price on L3Harris Technologies from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $257.25.

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.