SFE Investment Counsel Sells 2,227 Shares of L3Harris Technologies Inc $LHX

SFE Investment Counsel lessened its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,672 shares of the company’s stock after selling 2,227 shares during the period. L3Harris Technologies accounts for 1.3% of SFE Investment Counsel’s holdings, making the stock its 26th biggest holding. SFE Investment Counsel’s holdings in L3Harris Technologies were worth $8,170,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LHX. Artisan Partners Limited Partnership grew its position in shares of L3Harris Technologies by 174.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,900,509 shares of the company’s stock valued at $557,933,000 after buying an additional 1,207,334 shares during the last quarter. Two Sigma Investments LP raised its position in shares of L3Harris Technologies by 560.7% during the third quarter. Two Sigma Investments LP now owns 614,287 shares of the company’s stock worth $187,609,000 after acquiring an additional 521,312 shares during the last quarter. Boston Partners lifted its stake in shares of L3Harris Technologies by 27.6% in the fourth quarter. Boston Partners now owns 2,401,871 shares of the company’s stock worth $709,396,000 after acquiring an additional 519,226 shares during the period. M&T Bank Corp lifted its stake in shares of L3Harris Technologies by 3,127.8% in the fourth quarter. M&T Bank Corp now owns 408,740 shares of the company’s stock worth $119,994,000 after acquiring an additional 396,077 shares during the period. Finally, Diamant Asset Management Inc. boosted its holdings in L3Harris Technologies by 34,415.0% in the first quarter. Diamant Asset Management Inc. now owns 357,230 shares of the company’s stock valued at $123,298,000 after acquiring an additional 356,195 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Up 0.4%

Shares of NYSE:LHX traded up $1.04 during trading on Friday, reaching $290.91. 626,453 shares of the stock were exchanged, compared to its average volume of 1,501,537. L3Harris Technologies Inc has a 1-year low of $257.35 and a 1-year high of $379.23. The stock has a fifty day moving average of $302.97 and a two-hundred day moving average of $329.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.03 and a quick ratio of 0.89. The firm has a market cap of $54.19 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Research analysts anticipate that L3Harris Technologies Inc will post 11.53 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LHX shares. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. UBS Group lowered their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein reduced their price target on shares of L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $354.75.

Insider Activity at L3Harris Technologies

In other news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president directly owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.

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.