The Manufacturers Life Insurance Company Sells 45,720 Shares of L3Harris Technologies Inc $LHX

The Manufacturers Life Insurance Company trimmed its position in L3Harris Technologies Inc (NYSE:LHX) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,115 shares of the company’s stock after selling 45,720 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in L3Harris Technologies were worth $127,893,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in L3Harris Technologies during the fourth quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of L3Harris Technologies in the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new position in L3Harris Technologies in the 4th quarter worth about $25,000. NBH Bank bought a new position in L3Harris Technologies in the 2nd quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC raised its holdings in shares of L3Harris Technologies by 1,233.3% in 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 in the last quarter. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Trading Down 1.2%

Shares of LHX opened at $245.42 on Friday. L3Harris Technologies Inc has a fifty-two week low of $244.76 and a fifty-two week high of $379.23. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.58 and a beta of 0.50. The firm has a 50 day moving average price of $278.43 and a 200-day moving average price of $311.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18.

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

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LHX. UBS Group dropped their price target 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. Melius Research downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings lowered shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Finally, BNP Paribas Exane decreased their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $360.45.

About L3Harris Technologies

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.