20,000 L3Harris Technologies Inc $LHX Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,575 shares of the company’s stock after buying an additional 20,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.08% of L3Harris Technologies worth $33,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in shares of L3Harris Technologies by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 25,540 shares of the company’s stock worth $6,047,000 after acquiring an additional 239 shares during the period. Center for Financial Planning Inc. lifted its holdings in L3Harris Technologies by 18.8% in the third quarter. Center for Financial Planning Inc. now owns 246 shares of the company’s stock valued at $58,000 after acquiring an additional 39 shares during the period. Verdence Capital Advisors LLC lifted its holdings in L3Harris Technologies by 93.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,132 shares of the company’s stock valued at $742,000 after acquiring an additional 1,510 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in L3Harris Technologies by 7.7% in the third quarter. Flagship Harbor Advisors LLC now owns 1,055 shares of the company’s stock valued at $250,000 after acquiring an additional 75 shares during the period. Finally, Mill Capital Management LLC boosted its position in L3Harris Technologies by 0.7% in the third quarter. Mill Capital Management LLC now owns 62,554 shares of the company’s stock worth $14,812,000 after purchasing an additional 420 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Stock Performance

Shares of LHX opened at $259.05 on Wednesday. The business has a 50-day simple moving average of $250.01 and a two-hundred day simple moving average of $305.99. L3Harris Technologies Inc has a 52 week low of $232.34 and a 52 week high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. The company had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.81 billion. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.78 earnings per share. Analysts forecast that L3Harris Technologies Inc will post 11.89 EPS for the current year.

L3Harris Technologies Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, December 4th. This represents a $5.00 dividend on an annualized basis and a yield of 1.9%.

Analyst Upgrades and Downgrades

LHX has been the subject of a number of recent research reports. Melius Research downgraded L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Argus lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Friday, September 25th. Guggenheim initiated coverage on shares of L3Harris Technologies in a research note on Monday, September 14th. They issued a “buy” rating and a $365.00 price objective on the stock. Wall Street Zen cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, The Goldman Sachs Group dropped their price objective on shares of L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Two investment 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. According to data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $341.71.

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.