L3Harris Technologies Inc $LHX Stock Position Increased by SFE Investment Counsel

SFE Investment Counsel increased its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 33.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,772 shares of the company’s stock after buying an additional 7,990 shares during the period. SFE Investment Counsel’s holdings in L3Harris Technologies were worth $7,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in L3Harris Technologies during the 2nd quarter worth $5,525,806,000. State Street Corp grew its position in shares of L3Harris Technologies by 2.9% in the second quarter. State Street Corp now owns 9,097,353 shares of the company’s stock valued at $2,643,600,000 after purchasing an additional 252,662 shares during the last quarter. Wellington Management Group LLP grew its position in shares of L3Harris Technologies by 7.1% in the second quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock valued at $1,367,832,000 after purchasing an additional 313,431 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of L3Harris Technologies in the second quarter valued at about $752,983,000. Finally, Bank of America Corp DE increased its stake in shares of L3Harris Technologies by 1.4% in the second quarter. Bank of America Corp DE now owns 1,945,342 shares of the company’s stock worth $565,297,000 after purchasing an additional 27,610 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. TD Cowen cut their price objective on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Wall Street Zen raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. Sanford C. Bernstein cut their price target on L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. BNP Paribas Exane cut 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 reissued a “neutral” rating and issued a $293.00 price objective on shares of L3Harris Technologies in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $343.50.

L3Harris Technologies Trading Down 0.2%

Shares of LHX opened at $277.79 on Friday. The stock’s 50-day moving average price is $249.80 and its 200 day moving average price is $305.06. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $51.73 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.68 and a beta of 0.50. L3Harris Technologies Inc has a 12-month low of $232.34 and a 12-month high of $379.23.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Thursday, October 29th. The company reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.33. L3Harris Technologies had a return on equity of 11.49% and a net margin of 8.76%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company earned $2.70 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that L3Harris Technologies Inc will post 12.32 earnings per share for the current year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 46.64%.

L3Harris Technologies News Roundup

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: L3Harris reported third-quarter EPS of $3.28, above the $2.95 analyst consensus, while revenue rose 7.1% year over year to approximately $6.07 billion, exceeding expectations of $5.92 billion. L3Harris Technologies earnings results
• Positive Sentiment: The defense contractor raised its 2026 outlook, including full-year EPS guidance to $12.25–$12.35 from $11.80–$12.00, supported by broad-based growth and stronger cash flow. L3Harris raises yearly guidance
• Positive Sentiment: Record backlog of $53.2 billion highlights strong defense demand and improves revenue visibility. Reports also cited a rare government equity stake as an additional supportive development. LHX Q3 earnings call highlights
• Neutral Sentiment: Royal Bank of Canada raised its LHX price target to $295 from $265 but retained a “sector perform” rating, indicating improved valuation potential without a strong bullish recommendation. RBC raises L3Harris price target
• Negative Sentiment: Management’s lower 2028 cash-flow and margin targets raise questions about execution and may limit enthusiasm despite the stronger 2026 forecast. Valuation concerns also remain after a substantial recent run-up.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.