Disciplined Investors L.L.C. Sells 430 Shares of L3Harris Technologies Inc $LHX

Disciplined Investors L.L.C. decreased its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 21.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,560 shares of the company’s stock after selling 430 shares during the quarter. Disciplined Investors L.L.C.’s holdings in L3Harris Technologies were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. AE Wealth Management LLC raised its position in shares of L3Harris Technologies by 12.9% in the second quarter. AE Wealth Management LLC now owns 5,098 shares of the company’s stock valued at $1,279,000 after purchasing an additional 582 shares during the period. Metis Global Partners LLC raised its holdings in L3Harris Technologies by 13.6% in the 2nd quarter. Metis Global Partners LLC now owns 8,672 shares of the company’s stock valued at $2,175,000 after acquiring an additional 1,038 shares during the period. KCM Investment Advisors LLC raised its holdings in L3Harris Technologies by 1.2% in the 2nd quarter. KCM Investment Advisors LLC now owns 24,879 shares of the company’s stock valued at $6,241,000 after acquiring an additional 304 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in L3Harris Technologies by 113.7% during the second quarter. Vestmark Advisory Solutions Inc. now owns 8,356 shares of the company’s stock worth $2,096,000 after acquiring an additional 4,446 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of L3Harris Technologies by 11.0% during the second quarter. Savant Capital LLC now owns 8,168 shares of the company’s stock worth $2,049,000 after acquiring an additional 810 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $279.90, for a total transaction of $23,231,700.00. Following the completion of the transaction, the chief executive officer owned 145,578 shares of the company’s stock, valued at approximately $40,747,282.20. The trade was a 36.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

L3Harris Technologies Trading Up 2.0%

LHX opened at $290.67 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $308.12. The stock has a market capitalization of $54.37 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 2.09 and a beta of 0.75. The company has a 50-day simple moving average of $288.06 and a 200 day simple moving average of $263.77.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.10. The company had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.51 billion. L3Harris Technologies had a net margin of 7.94% and a return on equity of 11.82%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.34 EPS. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Analysts predict 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 Friday, December 5th. Shareholders of record on Monday, November 17th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 17th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 51.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LHX shares. Citigroup increased their target price on L3Harris Technologies from $300.00 to $323.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Robert W. Baird increased their price objective on L3Harris Technologies from $274.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. UBS Group boosted their target price on shares of L3Harris Technologies from $318.00 to $323.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Barclays upped their price target on shares of L3Harris Technologies from $255.00 to $305.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley lifted their price objective on shares of L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $295.63.

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.