Vise Technologies Inc. Has $1.69 Million Stock Position in L3Harris Technologies Inc $LHX

Vise Technologies Inc. grew its holdings in L3Harris Technologies Inc (NYSE:LHX) by 63.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,816 shares of the company’s stock after purchasing an additional 2,254 shares during the period. Vise Technologies Inc.’s holdings in L3Harris Technologies were worth $1,690,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Allstate Corp increased its holdings in L3Harris Technologies by 106.7% during the fourth quarter. Allstate Corp now owns 13,985 shares of the company’s stock worth $4,106,000 after buying an additional 7,219 shares during the last quarter. Swiss National Bank grew its position in shares of L3Harris Technologies by 7.1% in the 1st quarter. Swiss National Bank now owns 549,029 shares of the company’s stock valued at $189,497,000 after acquiring an additional 36,320 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of L3Harris Technologies by 23.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 221,141 shares of the company’s stock valued at $64,920,000 after acquiring an additional 41,414 shares during the period. Atria Investments Inc increased its stake in shares of L3Harris Technologies by 77.9% during the 4th quarter. Atria Investments Inc now owns 14,800 shares of the company’s stock worth $4,345,000 after purchasing an additional 6,482 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of L3Harris Technologies by 6.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,810,186 shares of the company’s stock valued at $531,416,000 after purchasing an additional 110,423 shares during the period. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Stock Down 1.3%

Shares of LHX opened at $267.03 on Friday. The firm has a market cap of $49.72 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. L3Harris Technologies Inc has a 52 week low of $262.68 and a 52 week high of $379.23. The firm’s 50-day simple moving average is $289.65 and its 200 day simple moving average is $320.67.

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, topping the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period last year, the business posted $2.78 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LHX shares. UBS Group cut their target price on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday. BNP Paribas Exane cut their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Susquehanna decreased their target price on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating on the stock in a report on Friday, July 31st. Finally, Sanford C. Bernstein dropped their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $365.00.

About L3Harris Technologies

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.