L3Harris Technologies Inc $LHX Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in L3Harris Technologies Inc (NYSE:LHX) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 600,190 shares of the company’s stock after acquiring an additional 11,016 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in L3Harris Technologies were worth $142,113,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LHX. BlackRock Inc. bought a new stake in L3Harris Technologies during the 2nd quarter worth approximately $5,525,806,000. Bank of New York Mellon Corp acquired a new position in L3Harris Technologies in the 2nd quarter valued at approximately $752,983,000. Deutsche Bank AG acquired a new position in L3Harris Technologies in the 2nd quarter valued at approximately $174,006,000. Man Group plc raised its stake in shares of L3Harris Technologies by 5,286.7% during the second quarter. Man Group plc now owns 563,720 shares of the company’s stock valued at $163,811,000 after acquiring an additional 553,255 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of L3Harris Technologies during the second quarter valued at $144,100,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $278.83 on Tuesday. The stock’s 50 day moving average is $250.04 and its 200 day moving average is $304.75. L3Harris Technologies Inc has a one year low of $232.34 and a one year high of $379.23. The firm has a market cap of $51.92 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.63 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last released its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.33. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.92 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 EPS. As a group, research analysts expect that L3Harris Technologies Inc will post 12.32 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $1.25 dividend. The ex-dividend date is Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. L3Harris Technologies’s payout ratio is 46.64%.

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris received multiple U.S. Army production orders worth a combined $121 million for its Low-Cost Data Radio (LOCODA) solution. The equipment is intended to improve vehicle communications and support Army command-and-control applications, adding near-term backlog visibility. L3Harris Receives $121 Million in Orders to Support Army Command and Control
• Positive Sentiment: The company announced work to advance submarine technology for Germany and Norway, strengthening L3Harris’s position in allied undersea-defense programs and potentially supporting longer-term international growth. L3Harris Technologies to Advance German and Norwegian Submarine Technology
• Positive Sentiment: J.P. Morgan resumed coverage with an Overweight rating, a constructive signal for investor sentiment. L3Harris Rated Overweight by JP Morgan
• Positive Sentiment: L3Harris’s price target was raised to $295, indicating analysts see additional upside from recent trading levels. L3Harris Technologies Price Target Raised to $295
• Positive Sentiment: Recent quarterly results showed revenue growth of 7.1%, earnings above consensus and raised 2026 guidance, reinforcing the case for an operational rebound after the stock’s prior decline. L3Harris Stock Took a Beating—Is a 20% Rebound Next?
• Neutral Sentiment: UBS maintained its Hold rating, providing a more cautious counterpoint to the bullish J.P. Morgan view. UBS Maintains Hold Rating for L3Harris Technologies

Wall Street Analyst Weigh In

LHX has been the topic of a number of recent research reports. BNP Paribas Exane cut 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. Jefferies Financial Group cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, August 26th. UBS Group increased their price objective on L3Harris Technologies from $264.00 to $293.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen lowered their target price on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Finally, Argus lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $343.50.

About L3Harris Technologies

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.