L3Harris Technologies Inc $LHX Stock Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 27.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,641 shares of the company’s stock after acquiring an additional 8,151 shares during the period. Vontobel Holding Ltd.’s holdings in L3Harris Technologies were worth $8,913,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LHX. Keudell Morrison Wealth Management grew its holdings in L3Harris Technologies by 0.7% in the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock valued at $1,598,000 after purchasing an additional 31 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in shares of L3Harris Technologies by 1.6% in the first quarter. Hunter Associates Investment Management LLC now owns 2,208 shares of the company’s stock valued at $763,000 after buying an additional 34 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of L3Harris Technologies by 1.9% during the 1st quarter. OLD National Bancorp IN now owns 1,908 shares of the company’s stock worth $659,000 after buying an additional 35 shares during the last quarter. Miller Global Investments LLC raised its stake in shares of L3Harris Technologies by 34.0% during the 2nd quarter. Miller Global Investments LLC now owns 138 shares of the company’s stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of L3Harris Technologies by 3.6% during the 1st quarter. AdvisorNet Financial Inc now owns 1,030 shares of the company’s stock worth $356,000 after buying an additional 36 shares during the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on LHX shares. BNP Paribas Exane decreased their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Melius Research downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th. Weiss Ratings cut shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. UBS Group reduced their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 4th. 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 stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $341.71.

L3Harris Technologies Stock Performance

NYSE LHX opened at $248.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46. L3Harris Technologies Inc has a fifty-two week low of $232.34 and a fifty-two week high of $379.23. The business has a fifty day moving average of $254.25 and a 200-day moving average of $290.64. The stock has a market cap of $46.24 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The business 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 business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. As a group, analysts predict that L3Harris Technologies Inc will post 11.89 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $5.00 annualized dividend and a yield of 2.0%. L3Harris Technologies’s payout ratio is presently 50.51%.

L3Harris Technologies Profile

L3Harris Technologies, Inc is an aerospace and defense technology company that develops mission-critical systems, products and services for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, space operations, aviation and other national security missions.

The company provides tactical radios and secure communications systems, satellite and space payloads, avionics, night-vision and electro-optical systems, sensors, command-and-control solutions, and aircraft and mission systems.