L3Harris Technologies (NYSE:LHX) Given New $295.00 Price Target at Royal Bank Of Canada

L3Harris Technologies (NYSE:LHX) had its price objective upped by Royal Bank Of Canada from $265.00 to $295.00 in a report released on Friday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Argus cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Susquehanna decreased their target price on shares of L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded shares of L3Harris Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Finally, Guggenheim initiated coverage on L3Harris Technologies in a research note on Monday, September 14th. They issued a “buy” rating and a $365.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $343.50.

L3Harris Technologies Stock Down 0.2%

Shares of NYSE LHX opened at $277.79 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market cap of $51.73 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.68 and a beta of 0.50. L3Harris Technologies has a 12 month low of $232.34 and a 12 month high of $379.23. The stock has a 50-day moving average price of $249.80 and a two-hundred day moving average price of $305.06.

L3Harris Technologies (NYSE:LHX) last posted its earnings results 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 net margin of 8.76% and a return on equity of 11.49%. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the prior year, the business earned $2.70 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts forecast that L3Harris Technologies will post 12.30 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

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

Institutional Trading of L3Harris Technologies

Several institutional investors have recently modified their holdings of the business. Cedar Mountain Advisors LLC increased its holdings in L3Harris Technologies by 1,233.3% during 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 in the last quarter. NBH Bank bought a new position in shares of L3Harris Technologies in the second quarter valued at approximately $26,000. Elevation Wealth Partners LLC lifted its holdings in shares of L3Harris Technologies by 80.0% in the second quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock valued at $29,000 after purchasing an additional 44 shares in the last quarter. Bell Investment Advisors Inc bought a new position in shares of L3Harris Technologies in the second quarter valued at approximately $33,000. Finally, John Boyer Inc. purchased a new position in shares of L3Harris Technologies during the third quarter valued at approximately $31,000. Institutional investors own 84.76% of the company’s stock.

More L3Harris Technologies News

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 Company 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.