L3Harris Technologies Inc (NYSE:LHX) Shares Set to Pay Quarterly Dividend of $1.25

L3Harris Technologies Inc (NYSE:LHX) announced a quarterly dividend on Friday, October 23rd. Shareholders of record on Friday, December 4th will be paid a dividend of $1.25 per share on Friday, December 18th. This represents a $5.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th.

L3Harris Technologies has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 24 years. L3Harris Technologies has a payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect L3Harris Technologies to earn $13.39 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.3%.

L3Harris Technologies Price Performance

Shares of L3Harris Technologies stock traded down $0.55 on Friday, hitting $253.68. 1,317,293 shares of the company traded hands, compared to its average volume of 1,643,618. L3Harris Technologies has a 52 week low of $232.34 and a 52 week high of $379.23. The business has a 50-day simple moving average of $250.31 and a 200 day simple moving average of $287.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market capitalization of $47.24 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its 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. The firm 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%. L3Harris Technologies’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Research analysts expect that L3Harris Technologies will post 11.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LHX has been the topic of several research reports. Guggenheim began coverage on L3Harris Technologies in a report on Monday, September 14th. They issued a “buy” rating and a $365.00 target price on the stock. Wall Street Zen lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada cut their price target on L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group decreased their price objective on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $341.71.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.