L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Trust Co. of Oklahoma

Trust Co. of Oklahoma raised its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,056 shares of the company’s stock after acquiring an additional 556 shares during the period. Trust Co. of Oklahoma’s holdings in L3Harris Technologies were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LHX. Vanguard Group Inc. grew its stake in L3Harris Technologies by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 22,792,779 shares of the company’s stock worth $4,857,141,000 after buying an additional 2,606,267 shares during the last quarter. Capital World Investors boosted its holdings in shares of L3Harris Technologies by 26.0% in the fourth quarter. Capital World Investors now owns 16,056,272 shares of the company’s stock valued at $3,381,784,000 after acquiring an additional 3,308,506 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of L3Harris Technologies by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,631,207 shares of the company’s stock valued at $2,052,411,000 after acquiring an additional 45,845 shares during the period. Wells Fargo & Company MN raised its position in L3Harris Technologies by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,147,546 shares of the company’s stock valued at $1,084,176,000 after purchasing an additional 101,708 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in L3Harris Technologies by 34.7% during the 4th quarter. Wellington Management Group LLP now owns 4,416,904 shares of the company’s stock worth $930,288,000 after purchasing an additional 1,138,549 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analysts Set New Price Targets

LHX has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on L3Harris Technologies from $262.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut L3Harris Technologies from a “buy” rating to a “hold” rating and upped their price target for the stock from $245.00 to $257.00 in a research note on Friday, July 26th. Barclays lifted their price objective on shares of L3Harris Technologies from $245.00 to $265.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna boosted their price target on shares of L3Harris Technologies from $260.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, July 29th. Finally, Morgan Stanley downgraded shares of L3Harris Technologies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $275.00 to $257.00 in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $244.43.

Insider Buying and Selling at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 25,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $222.45, for a total value of $5,561,250.00. Following the transaction, the chief executive officer now owns 120,326 shares of the company’s stock, valued at approximately $26,766,518.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Christopher E. Kubasik sold 25,000 shares of L3Harris Technologies stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $222.45, for a total transaction of $5,561,250.00. Following the sale, the chief executive officer now owns 120,326 shares in the company, valued at $26,766,518.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sean J. Stackley sold 3,354 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $218.00, for a total transaction of $731,172.00. Following the sale, the vice president now directly owns 17,540 shares of the company’s stock, valued at $3,823,720. The disclosure for this sale can be found here. Insiders have sold a total of 84,312 shares of company stock valued at $19,085,072 over the last ninety days. Corporate insiders own 0.82% of the company’s stock.

L3Harris Technologies Trading Up 0.5 %

NYSE:LHX traded up $1.16 during trading hours on Thursday, reaching $231.21. 564,474 shares of the company were exchanged, compared to its average volume of 976,571. L3Harris Technologies, Inc. has a 52-week low of $160.25 and a 52-week high of $245.60. The stock has a 50 day simple moving average of $228.24 and a 200 day simple moving average of $218.75. The firm has a market cap of $43.86 billion, a price-to-earnings ratio of 37.35, 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 issued its earnings results on Thursday, July 25th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.06. L3Harris Technologies had a return on equity of 13.02% and a net margin of 5.73%. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same period last year, the company posted $2.97 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, analysts predict that L3Harris Technologies, Inc. will post 13.04 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm 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 2.01%. The ex-dividend date is Friday, September 6th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 75.32%.

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.