Goelzer Investment Management Inc. Sells 3,779 Shares of L3Harris Technologies Inc $LHX

Goelzer Investment Management Inc. lowered its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 77.5% during the third quarter, Holdings Channel reports. The fund owned 1,095 shares of the company’s stock after selling 3,779 shares during the quarter. Goelzer Investment Management Inc.’s holdings in L3Harris Technologies were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in L3Harris Technologies during the second quarter worth approximately $5,525,806,000. Bank of New York Mellon Corp purchased a new position in L3Harris Technologies during the second quarter worth approximately $752,983,000. Deutsche Bank AG acquired a new position in shares of L3Harris Technologies in the 2nd quarter valued at $174,006,000. Man Group plc boosted its holdings in shares of L3Harris Technologies by 5,286.7% in the 2nd quarter. Man Group plc now owns 563,720 shares of the company’s stock valued at $163,811,000 after purchasing an additional 553,255 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of L3Harris Technologies during the 2nd quarter valued at $144,100,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th. Jefferies Financial Group cut L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Wednesday, August 26th. The Goldman Sachs Group lowered their price target on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating for the company in a research report on Monday, October 12th. UBS Group lowered 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. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $341.71.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX opened at $248.35 on Friday. The business’s 50-day simple moving average is $254.25 and its 200 day simple moving average is $290.64. The company has a market cap of $46.24 billion, a P/E ratio of 25.09, a PEG ratio of 1.59 and a beta of 0.50. 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 Inc has a one year low of $232.34 and a one year high of $379.23.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the business earned $2.78 EPS. L3Harris Technologies’s quarterly revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, sell-side analysts forecast that L3Harris Technologies Inc will post 11.89 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

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

About L3Harris Technologies

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.