Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 104 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in L3Harris Technologies, Inc. (NYSE:LHX) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,530 shares of the company’s stock after buying an additional 104 shares during the quarter. L3Harris Technologies makes up about 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 28th biggest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in L3Harris Technologies were worth $3,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LHX. Public Sector Pension Investment Board boosted its stake in L3Harris Technologies by 72.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,208 shares of the company’s stock valued at $1,619,000 after purchasing an additional 3,032 shares during the period. AXA S.A. bought a new stake in L3Harris Technologies in the 2nd quarter valued at $292,000. Mackenzie Financial Corp boosted its stake in L3Harris Technologies by 2.5% during the second quarter. Mackenzie Financial Corp now owns 17,342 shares of the company’s stock worth $3,895,000 after buying an additional 416 shares in the last quarter. Ascent Group LLC increased its holdings in L3Harris Technologies by 14.9% in the 2nd quarter. Ascent Group LLC now owns 11,199 shares of the company’s stock valued at $2,515,000 after buying an additional 1,449 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in shares of L3Harris Technologies during the 2nd quarter worth about $720,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LHX shares. Wells Fargo & Company dropped their price target on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research report on Wednesday, December 11th. StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Susquehanna lowered their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Royal Bank of Canada lifted their target price on L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.19.

L3Harris Technologies Price Performance

NYSE LHX opened at $222.31 on Tuesday. The company has a market capitalization of $42.16 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.75. L3Harris Technologies, Inc. has a 12-month low of $200.18 and a 12-month high of $265.74. The firm’s 50 day moving average is $223.62 and its 200-day moving average is $232.90. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

Insider Activity at L3Harris Technologies

In other news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $247.93, for a total transaction of $740,814.84. Following the sale, the insider now owns 10,340 shares in the company, valued at $2,563,596.20. This represents a 22.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 7,889 shares of company stock valued at $1,800,572. Insiders own 0.82% of the company’s stock.

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.