L3Harris Technologies Inc $LHX Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its position in L3Harris Technologies Inc (NYSE:LHX) by 34.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,798 shares of the company’s stock after acquiring an additional 1,982 shares during the period. Vise Technologies Inc.’s holdings in L3Harris Technologies were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LHX. Cedar Mountain Advisors LLC lifted its stake in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. NBH Bank purchased a new position in shares of L3Harris Technologies in the second quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its position 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 worth $29,000 after acquiring an additional 44 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in shares of L3Harris Technologies in the second quarter worth approximately $33,000. Finally, John Boyer Inc. acquired a new stake in shares of L3Harris Technologies during the third quarter valued at approximately $31,000. 84.76% of the stock is currently owned by institutional investors.

L3Harris Technologies Stock Performance

NYSE LHX opened at $258.88 on Friday. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.59 and a beta of 0.47. The company has a 50 day moving average of $250.19 and a 200-day moving average of $303.58. The company has a current ratio of 1.20, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. L3Harris Technologies Inc has a 1-year low of $232.34 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.33. L3Harris Technologies had a net margin of 8.76% and a return on equity of 11.49%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the business earned $2.70 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that L3Harris Technologies Inc will post 12.04 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 46.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BNP Paribas Exane reduced their price target on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Bank of America lifted their price objective on shares of L3Harris Technologies from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday. Sanford C. Bernstein lowered their price objective on shares of L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Melius Research downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $345.60.

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.