Greenleaf Trust Has $782,000 Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Greenleaf Trust grew its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,719 shares of the company’s stock after acquiring an additional 129 shares during the period. Greenleaf Trust’s holdings in L3Harris Technologies were worth $782,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LHX. Park Avenue Securities LLC raised its stake in shares of L3Harris Technologies by 3.3% during the 3rd quarter. Park Avenue Securities LLC now owns 5,526 shares of the company’s stock worth $1,314,000 after purchasing an additional 176 shares in the last quarter. Czech National Bank raised its position in L3Harris Technologies by 6.9% during the third quarter. Czech National Bank now owns 38,644 shares of the company’s stock valued at $9,192,000 after acquiring an additional 2,499 shares in the last quarter. GAMMA Investing LLC lifted its stake in L3Harris Technologies by 51.0% in the third quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $525,000 after acquiring an additional 746 shares during the last quarter. Mather Group LLC. increased its stake in shares of L3Harris Technologies by 29.9% during the 3rd quarter. Mather Group LLC. now owns 755 shares of the company’s stock worth $180,000 after purchasing an additional 174 shares during the last quarter. Finally, Atwood & Palmer Inc. raised its holdings in shares of L3Harris Technologies by 6.4% during the 3rd quarter. Atwood & Palmer Inc. now owns 60,616 shares of the company’s stock valued at $14,419,000 after purchasing an additional 3,640 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on LHX shares. StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their target price on L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. Truist Financial dropped their price target on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein raised shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $289.00 to $267.00 in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus target price of $263.07.

Insiders Place Their Bets

In related news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $223.62, for a total value of $394,465.68. Following the sale, the insider now owns 8,576 shares of the company’s stock, valued at $1,917,765.12. The trade was a 17.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,901 shares of company stock worth $1,059,757 over the last quarter. Company insiders own 0.87% of the company’s stock.

L3Harris Technologies Stock Performance

LHX opened at $210.85 on Wednesday. The stock’s 50 day simple moving average is $219.96 and its 200-day simple moving average is $232.00. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The stock has a market cap of $39.99 billion, a PE ratio of 26.79, a P/E/G ratio of 1.74 and a beta of 0.76. L3Harris Technologies, Inc. has a 1 year low of $200.18 and a 1 year high of $265.74.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. Sell-side analysts forecast that L3Harris Technologies, Inc. will post 13.8 EPS for the current year.

L3Harris Technologies 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.