TD Private Client Wealth LLC Reduces Position in L3Harris Technologies Inc $LHX

TD Private Client Wealth LLC trimmed its holdings in L3Harris Technologies Inc (NYSE:LHX) by 24.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,773 shares of the company’s stock after selling 2,570 shares during the quarter. TD Private Client Wealth LLC’s holdings in L3Harris Technologies were worth $2,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC grew its stake in L3Harris Technologies by 2.7% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock valued at $350,000 after acquiring an additional 37 shares in the last quarter. Twin Lakes Capital Management LLC boosted its holdings in shares of L3Harris Technologies by 0.3% during the 3rd quarter. Twin Lakes Capital Management LLC now owns 14,340 shares of the company’s stock worth $4,380,000 after purchasing an additional 38 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of L3Harris Technologies by 2.2% in the second quarter. Fidelis Capital Partners LLC now owns 1,781 shares of the company’s stock valued at $493,000 after purchasing an additional 39 shares in the last quarter. Independence Bank of Kentucky grew its position in shares of L3Harris Technologies by 44.4% in the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock valued at $33,000 after purchasing an additional 40 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. increased its holdings in shares of L3Harris Technologies by 3.8% in the second quarter. Patrick M Sweeney & Associates Inc. now owns 1,095 shares of the company’s stock valued at $280,000 after purchasing an additional 40 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In related news, CEO Christopher E. Kubasik sold 14,171 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the completion of the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at approximately $43,479,447.30. This trade represents a 8.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $342.71 on Thursday. The stock has a fifty day simple moving average of $293.45 and a 200-day simple moving average of $283.74. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The stock has a market cap of $64.11 billion, a PE ratio of 36.81, a P/E/G ratio of 2.13 and a beta of 0.66. L3Harris Technologies Inc has a twelve month low of $193.09 and a twelve month high of $361.59.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 30th. The company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.10. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.51 billion. L3Harris Technologies had a net margin of 8.09% and a return on equity of 11.08%. L3Harris Technologies’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.34 earnings per share. L3Harris Technologies has set its FY 2025 guidance at 10.500-10.700 EPS. Equities analysts anticipate that L3Harris Technologies Inc will post 11.12 earnings per share for the current year.

More L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: DoW/Pentagon to invest $1 billion in L3Harris’ rocket-motor business, providing funding to expand capacity and secure supply for critical missiles — a direct government backstop that reduces production and contract risk for a strategically important unit. Reuters: Pentagon to invest $1 billion
• Positive Sentiment: Planned spin-off / IPO for Missile Solutions (convertible preferred to convert into common at IPO) could unlock standalone value, creating a clearer growth story and potentially higher combined valuation for LHX shareholders. Business Wire: Creation of a New Missile Solutions Company
• Positive Sentiment: Market reaction: shares jumped to record highs on the back of the announcement as analysts and investors priced in stronger backlog, government demand visibility, and faster capacity buildout. Investopedia: Record highs
• Neutral Sentiment: Legal and advisory steps are in motion (Vinson & Elkins advising) and L3Harris management highlights speed of execution; these are operational items that support the timeline but don’t guarantee financial outcomes. Yahoo Finance: Vinson & Elkins Advises
• Neutral Sentiment: Company transcripts and investor slides provide detail on capacity plans and timelines — useful for modeling but still contingent on final transaction and regulatory approvals. Seeking Alpha: Transcript
• Negative Sentiment: UBS and some analysts flag policy and valuation questions: conversion mechanics, potential dilution at IPO, and whether favorable government terms justify an elevated multiple for the remaining company. These are downside risks to current shareholders’ per‑share economics. MSN/coverage of UBS concerns
• Negative Sentiment: Political/ethical scrutiny risk: reports of congressional stockholders and media attention increase the chance of reputational or oversight headlines that could pressure sentiment. Benzinga: Congress members and trades

Wall Street Analysts Forecast Growth

LHX has been the topic of a number of recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of L3Harris Technologies in a research note on Monday. Wall Street Zen lowered L3Harris Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. BNP Paribas Exane initiated coverage on shares of L3Harris Technologies in a research report on Tuesday, November 18th. They set a “neutral” rating and a $290.00 price target on the stock. Royal Bank Of Canada raised their price objective on shares of L3Harris Technologies from $315.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Weiss Ratings raised shares of L3Harris Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $315.73.

L3Harris Technologies 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.