Rathbones Group PLC Has $2.01 Million Position in L3Harris Technologies Inc $LHX

Rathbones Group PLC raised its position in L3Harris Technologies Inc (NYSE:LHX) by 123.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,814 shares of the company’s stock after purchasing an additional 3,210 shares during the quarter. Rathbones Group PLC’s holdings in L3Harris Technologies were worth $2,007,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. REAP Financial Group LLC grew its holdings in shares of L3Harris Technologies by 12.9% during the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after purchasing an additional 29 shares during the last quarter. CYBER HORNET ETFs LLC raised its stake in shares of L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after acquiring an additional 30 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its stake in shares of L3Harris Technologies by 3.7% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock valued at $253,000 after acquiring an additional 31 shares during the last quarter. Keudell Morrison Wealth Management lifted its holdings in shares of L3Harris Technologies by 0.7% during the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock worth $1,598,000 after purchasing an additional 31 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of L3Harris Technologies by 25.2% during the fourth quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group decreased their price objective on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday. Susquehanna reduced their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, BNP Paribas Exane lowered their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $365.00.

L3Harris Technologies Stock Up 2.6%

Shares of L3Harris Technologies stock opened at $285.00 on Wednesday. L3Harris Technologies Inc has a one year low of $262.68 and a one year high of $379.23. 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 stock’s 50-day moving average is $296.28 and its 200 day moving average is $326.64. The firm has a market cap of $53.07 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.37 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the company posted $2.78 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts anticipate that L3Harris Technologies Inc will post 11.87 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

L3Harris Technologies Company Profile

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.