L3Harris Technologies Inc $LHX Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lowered its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 4.2% in the second quarter, Holdings Channel reports. The institutional investor owned 94,414 shares of the company’s stock after selling 4,158 shares during the quarter. Corient Private Wealth LP’s holdings in L3Harris Technologies were worth $27,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in L3Harris Technologies during the 4th quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in L3Harris Technologies during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new stake in shares of L3Harris Technologies in the 4th quarter worth about $25,000. Cedar Mountain Advisors LLC increased its position in shares of L3Harris Technologies by 1,233.3% in the 1st quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after purchasing an additional 74 shares during the last quarter. Finally, Abound Financial LLC acquired a new stake in shares of L3Harris Technologies in the 4th quarter valued at about $29,000. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LHX shares. Susquehanna reduced their price target on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research report on Friday, July 31st. Weiss Ratings cut L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Jefferies Financial Group cut L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday. BNP Paribas Exane lowered their price target on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, UBS Group dropped their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $360.45.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $261.78 on Friday. L3Harris Technologies Inc has a 12-month low of $258.54 and a 12-month high of $379.23. The firm has a market capitalization of $48.75 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. The business has a 50 day simple moving average of $286.18 and a 200 day simple moving average of $318.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%.The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, equities research analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.

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.