L3Harris Technologies Inc $LHX Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lowered its stake in L3Harris Technologies Inc (NYSE:LHX) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,414 shares of the company’s stock after selling 4,158 shares during the quarter. Corient Private Wealth LP owned approximately 0.05% of L3Harris Technologies worth $27,435,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies in the 4th quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of L3Harris Technologies during the fourth quarter worth about $25,000. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies during the fourth quarter worth about $25,000. Cedar Mountain Advisors LLC raised its position in shares of L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in shares of L3Harris Technologies during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on LHX shares. BNP Paribas Exane decreased their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group dropped their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Trading Down 0.4%

NYSE:LHX opened at $261.78 on Friday. L3Harris Technologies Inc has a 12 month low of $258.54 and a 12 month high of $379.23. The business’s 50-day moving average is $286.18 and its two-hundred day moving average is $318.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The firm has a market capitalization of $48.75 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts predict that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a $1.25 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies’s dividend payout ratio is 50.51%.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.