L3Harris Technologies, Inc. (NYSE:LHX) Stock Holdings Lowered by City Holding Co.

City Holding Co. trimmed its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,606 shares of the company’s stock after selling 85 shares during the period. City Holding Co.’s holdings in L3Harris Technologies were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Intech Investment Management LLC lifted its holdings in shares of L3Harris Technologies by 261.5% in the second quarter. Intech Investment Management LLC now owns 13,834 shares of the company’s stock valued at $3,107,000 after buying an additional 10,007 shares during the period. Brighton Jones LLC raised its holdings in shares of L3Harris Technologies by 3.5% in the 2nd quarter. Brighton Jones LLC now owns 1,616 shares of the company’s stock worth $363,000 after purchasing an additional 55 shares in the last quarter. Ieq Capital LLC lifted its stake in L3Harris Technologies by 23.8% during the second quarter. Ieq Capital LLC now owns 13,308 shares of the company’s stock valued at $2,989,000 after purchasing an additional 2,560 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in L3Harris Technologies by 47.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,494 shares of the company’s stock worth $1,908,000 after buying an additional 2,728 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of L3Harris Technologies by 22.6% in the second quarter. Benjamin Edwards Inc. now owns 1,585 shares of the company’s stock valued at $356,000 after buying an additional 292 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LHX shares. Susquehanna dropped their price target on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada upped their price target on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Raymond James lowered L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.19.

Insiders Place Their Bets

In other news, insider Ross Niebergall sold 1,373 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the transaction, the insider now owns 5,049 shares of the company’s stock, valued at approximately $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 7,889 shares of company stock worth $1,800,572 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

L3Harris Technologies Stock Down 0.1 %

L3Harris Technologies stock opened at $218.22 on Monday. L3Harris Technologies, Inc. has a twelve month low of $200.18 and a twelve month high of $265.74. The stock has a market cap of $41.39 billion, a P/E ratio of 34.47, a P/E/G ratio of 1.68 and a beta of 0.75. The company’s 50-day moving average price is $227.28 and its two-hundred day moving average price is $233.03. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, October 24th. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the company posted $3.19 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that L3Harris Technologies, Inc. will post 13.07 EPS for the current year.

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.