TD Private Client Wealth LLC Has $1.49 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

TD Private Client Wealth LLC lessened its position in L3Harris Technologies, Inc. (NYSE:LHX) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,071 shares of the company’s stock after selling 264 shares during the quarter. TD Private Client Wealth LLC’s holdings in L3Harris Technologies were worth $1,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LHX. Quest Partners LLC raised its position in L3Harris Technologies by 36,000.0% in the 3rd quarter. Quest Partners LLC now owns 361 shares of the company’s stock valued at $86,000 after buying an additional 360 shares during the last quarter. Intech Investment Management LLC grew its stake in L3Harris Technologies by 19.2% in the third quarter. Intech Investment Management LLC now owns 16,491 shares of the company’s stock valued at $3,923,000 after purchasing an additional 2,657 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in L3Harris Technologies by 0.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 14,165 shares of the company’s stock valued at $3,369,000 after purchasing an additional 54 shares in the last quarter. Eagle Asset Management Inc. grew its stake in L3Harris Technologies by 37.3% in the third quarter. Eagle Asset Management Inc. now owns 10,183 shares of the company’s stock valued at $2,654,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in L3Harris Technologies by 14.7% in the third quarter. Raymond James Trust N.A. now owns 19,712 shares of the company’s stock valued at $4,689,000 after purchasing an additional 2,530 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

LHX opened at $208.15 on Friday. The business has a fifty day simple moving average of $209.80 and a 200 day simple moving average of $226.20. The company has a market capitalization of $39.07 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. L3Harris Technologies, Inc. has a 1 year low of $193.09 and a 1 year high of $265.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Research analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $1.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a yield of 2.31%. L3Harris Technologies’s payout ratio is currently 60.99%.

Insider Buying and Selling at L3Harris Technologies

In other news, insider Jon Rambeau sold 3,178 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the transaction, the insider now owns 2,797 shares of the company’s stock, valued at approximately $632,122. The trade was a 53.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $288,412.38. Following the transaction, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This trade represents a 21.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,098 shares of company stock valued at $1,760,588 in the last three months. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Tuesday, November 26th. Raymond James downgraded L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. UBS Group lifted their target price on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.40.

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.