Osmosis Investment Management UK Ltd Sells 54,134 Shares of L3Harris Technologies Inc $LHX

Osmosis Investment Management UK Ltd cut its holdings in L3Harris Technologies Inc (NYSE:LHX) by 83.6% in the second quarter, Holdings Channel.com reports. The fund owned 10,596 shares of the company’s stock after selling 54,134 shares during the quarter. Osmosis Investment Management UK Ltd’s holdings in L3Harris Technologies were worth $3,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LHX. Fideuram Asset Management Ireland dac acquired a new position in L3Harris Technologies during the fourth quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of L3Harris Technologies in the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new position in shares of L3Harris Technologies during the 4th quarter valued at about $25,000. Cedar Mountain Advisors LLC increased its holdings in shares of L3Harris Technologies by 1,233.3% during the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Finally, Abound Financial LLC bought a new position in shares of L3Harris Technologies in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

NYSE:LHX opened at $267.03 on Monday. The firm has a market cap of $49.72 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.51. L3Harris Technologies Inc has a 12 month low of $262.68 and a 12 month high of $379.23. 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 company’s 50-day moving average price is $289.65 and its two-hundred day moving average price is $320.54.

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, topping the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last 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, equities analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Wall Street Analysts Forecast Growth

LHX has been the subject of several analyst reports. Weiss Ratings lowered L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. BNP Paribas Exane reduced 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. Susquehanna reduced their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, UBS Group reduced their target price on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus 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.