3,094 Shares in L3Harris Technologies Inc $LHX Purchased by One Wealth Advisors LLC

One Wealth Advisors LLC purchased a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,094 shares of the company’s stock, valued at approximately $899,000.

Several other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in L3Harris Technologies in the 2nd quarter worth approximately $41,000. SFE Investment Counsel purchased a new stake in shares of L3Harris Technologies during the 2nd quarter worth approximately $6,911,000. BIP Wealth LLC bought a new position in shares of L3Harris Technologies during the 2nd quarter valued at approximately $757,000. Trifecta Capital Advisors LLC bought a new position in shares of L3Harris Technologies during the 2nd quarter valued at approximately $4,770,000. Finally, Summit Global Investments purchased a new position in shares of L3Harris Technologies in the second quarter valued at $443,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 1.1%

Shares of LHX opened at $291.62 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $292.85 and a 200 day moving average of $323.48. The company has a market cap of $54.30 billion, a PE ratio of 29.46, a P/E/G ratio of 1.10 and a beta of 0.51. L3Harris Technologies Inc has a 52-week low of $262.68 and a 52-week high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The business had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts expect that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is 50.51%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reduced their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. UBS Group decreased their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Susquehanna dropped their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $365.00.

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.