Banque Cantonale Vaudoise Buys 6,580 Shares of L3Harris Technologies Inc $LHX

Banque Cantonale Vaudoise grew its stake in L3Harris Technologies Inc (NYSE:LHX) by 103.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,932 shares of the company’s stock after acquiring an additional 6,580 shares during the period. Banque Cantonale Vaudoise’s holdings in L3Harris Technologies were worth $3,796,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Korea Investment CORP grew its holdings in L3Harris Technologies by 11.2% during the third quarter. Korea Investment CORP now owns 153,567 shares of the company’s stock worth $46,901,000 after purchasing an additional 15,408 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in L3Harris Technologies by 13.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,223 shares of the company’s stock worth $9,230,000 after purchasing an additional 3,532 shares during the period. Crystal Rock Capital Management bought a new position in L3Harris Technologies during the third quarter worth about $1,993,000. Neo Ivy Capital Management bought a new position in L3Harris Technologies during the third quarter worth about $1,203,000. Finally, Whalen Wealth Management Inc. bought a new position in L3Harris Technologies during the fourth quarter worth about $907,000. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 0.3%

Shares of NYSE:LHX opened at $308.94 on Thursday. L3Harris Technologies Inc has a 12-month low of $231.35 and a 12-month high of $379.23. The stock has a market cap of $57.55 billion, a PE ratio of 33.54, a P/E/G ratio of 1.56 and a beta of 0.51. The business has a 50 day moving average of $338.66 and a 200-day moving average of $325.02. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. As a group, equities research analysts forecast that L3Harris Technologies Inc will post 11.52 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

Insider Activity

In other news, insider Jon Rambeau sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the completion of the sale, the insider directly owned 7,660 shares in the company, valued at approximately $2,836,651.20. The trade was a 41.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the completion of the sale, the vice president owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 16,365 shares of company stock worth $5,861,117. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LHX. Wolfe Research restated an “outperform” rating on shares of L3Harris Technologies in a report on Friday, January 30th. Argus upgraded L3Harris Technologies to a “strong-buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Citigroup boosted their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Morgan Stanley boosted their price objective on L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $354.75.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.