Quantbot Technologies LP Invests $9.90 Million in L3Harris Technologies Inc $LHX

Quantbot Technologies LP acquired a new stake in L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 34,058 shares of the company’s stock, valued at approximately $9,897,000. L3Harris Technologies comprises 0.4% of Quantbot Technologies LP’s investment portfolio, making the stock its 29th largest holding.

A number of other large investors have also recently bought and sold shares of LHX. Evolve Private Wealth LLC increased its position in L3Harris Technologies by 82.0% during the second quarter. Evolve Private Wealth LLC now owns 2,057 shares of the company’s stock worth $598,000 after buying an additional 927 shares during the last quarter. WealthShield Partners LLC lifted its position in shares of L3Harris Technologies by 11.8% in the second quarter. WealthShield Partners LLC now owns 8,227 shares of the company’s stock worth $2,391,000 after buying an additional 868 shares during the last quarter. Varma Mutual Pension Insurance Co acquired a new stake in shares of L3Harris Technologies in the second quarter worth about $14,210,000. TRB Wealth Management LLC boosted its stake in shares of L3Harris Technologies by 18.0% during the 2nd quarter. TRB Wealth Management LLC now owns 916 shares of the company’s stock worth $266,000 after acquiring an additional 140 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of L3Harris Technologies during the 2nd quarter worth about $353,000. 84.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Susquehanna lowered their price target on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane dropped their price target 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. Finally, Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

L3Harris Technologies Trading Down 1.3%

L3Harris Technologies stock opened at $267.03 on Friday. L3Harris Technologies Inc has a 52 week low of $262.68 and a 52 week high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The firm has a market capitalization of $49.72 billion, a PE ratio of 26.97, a PEG ratio of 1.16 and a beta of 0.51. The business’s 50-day simple moving average is $289.65 and its 200-day simple moving average is $320.67.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion during 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 firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The firm 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 $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 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.