L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lowered its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,791 shares of the company’s stock after selling 359 shares during the period. Diversify Advisory Services LLC’s holdings in L3Harris Technologies were worth $405,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LHX. Oak Harbor Wealth Partners LLC boosted its holdings in shares of L3Harris Technologies by 1.7% during the first quarter. Oak Harbor Wealth Partners LLC now owns 2,985 shares of the company’s stock worth $636,000 after purchasing an additional 49 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of L3Harris Technologies by 12.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 488 shares of the company’s stock worth $103,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of L3Harris Technologies by 13.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 504 shares of the company’s stock worth $106,000 after purchasing an additional 58 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of L3Harris Technologies by 3.6% during the first quarter. Lindbrook Capital LLC now owns 1,657 shares of the company’s stock worth $353,000 after purchasing an additional 58 shares during the period. Finally, Bison Wealth LLC boosted its holdings in shares of L3Harris Technologies by 1.9% during the fourth quarter. Bison Wealth LLC now owns 3,138 shares of the company’s stock worth $661,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling

In other L3Harris Technologies news, VP Sean J. Stackley sold 3,354 shares of the business’s stock in a transaction 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 sale, the vice president now owns 14,186 shares of the company’s stock, valued at approximately $3,074,531.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other L3Harris Technologies news, SVP Scott T. Mikuen sold 15,887 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $235.00, for a total value of $3,733,445.00. Following the sale, the senior vice president now owns 47,616 shares of the company’s stock, valued at approximately $11,189,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sean J. Stackley sold 3,354 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 14,186 shares in the company, valued at approximately $3,074,531.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,312 shares of company stock valued at $24,712,822. 0.82% of the stock is owned by company insiders.

L3Harris Technologies Stock Performance

LHX stock traded down $2.29 on Friday, reaching $228.33. 505,853 shares of the company were exchanged, compared to its average volume of 999,292. L3Harris Technologies, Inc. has a 12 month low of $160.25 and a 12 month high of $245.60. The stock’s fifty day moving average price is $227.32 and its 200 day moving average price is $217.61. The firm has a market capitalization of $43.31 billion, a PE ratio of 37.07, a PEG ratio of 1.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.90 and a quick ratio of 0.74.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Thursday, July 25th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.06. L3Harris Technologies had a net margin of 5.73% and a return on equity of 13.02%. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. L3Harris Technologies’s revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that L3Harris Technologies, Inc. will post 13.04 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors 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 dividend payout ratio (DPR) is currently 75.32%.

Analysts Set New Price Targets

Several analysts recently commented on LHX shares. Susquehanna raised their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, July 29th. Wells Fargo & Company decreased their price target on shares of L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Alembic Global Advisors upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 target price for the company in a research note on Monday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of L3Harris Technologies in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating and lifted their target price for the company from $245.00 to $257.00 in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $239.73.

L3Harris Technologies Company Profile

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.