L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Clarius Group LLC

Clarius Group LLC decreased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,120 shares of the company’s stock after selling 79 shares during the period. Clarius Group LLC’s holdings in L3Harris Technologies were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at $26,855,000. Allworth Financial LP lifted its stake in L3Harris Technologies by 5.4% in the fourth quarter. Allworth Financial LP now owns 2,968 shares of the company’s stock worth $625,000 after acquiring an additional 153 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in L3Harris Technologies during the 4th quarter worth approximately $504,000. Stratos Wealth Partners LTD. increased its position in shares of L3Harris Technologies by 2.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,986 shares of the company’s stock valued at $1,682,000 after purchasing an additional 204 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of L3Harris Technologies by 12.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 42,458 shares of the company’s stock valued at $8,943,000 after purchasing an additional 4,852 shares in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other L3Harris Technologies news, VP Sean J. Stackley sold 3,354 shares of L3Harris Technologies stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $216.73, for a total transaction of $726,912.42. Following the completion of the transaction, the vice president now owns 14,186 shares in the company, valued at $3,074,531.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Sean J. Stackley sold 3,354 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $216.73, for a total value of $726,912.42. Following the completion of the transaction, the vice president now owns 14,186 shares of the company’s stock, valued at $3,074,531.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Scott T. Mikuen sold 15,887 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $235.00, for a total transaction of $3,733,445.00. Following the completion of the transaction, the senior vice president now directly owns 47,616 shares of the company’s stock, valued at approximately $11,189,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,312 shares of company stock worth $24,712,822. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Morgan Stanley lowered L3Harris Technologies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $275.00 to $257.00 in a research report on Friday. Susquehanna upped their price target on L3Harris Technologies from $260.00 to $270.00 and gave the company a “positive” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and raised their price objective for the stock from $245.00 to $257.00 in a report on Friday, July 26th. Finally, Barclays upped their target price on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.73.

L3Harris Technologies Stock Performance

Shares of NYSE:LHX traded down $2.29 during midday trading on Friday, hitting $228.33. The stock had a trading volume of 505,853 shares, compared to its average volume of 999,292. The company has a market capitalization of $43.31 billion, a PE ratio of 37.07, a P/E/G ratio of 1.90 and a beta of 0.72. The stock has a 50 day moving average price of $227.32 and a two-hundred day moving average price of $217.53. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.56. L3Harris Technologies, Inc. has a 1 year low of $160.25 and a 1 year high of $245.60.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $3.18 by $0.06. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The firm had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the business earned $2.97 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that L3Harris Technologies, Inc. will post 13.04 earnings per share for the current fiscal year.

L3Harris Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, September 6th. L3Harris Technologies’s payout ratio is currently 75.32%.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.