L3 Technologies Inc (NYSE:LLL) declared a quarterly dividend on Monday, February 12th, RTT News reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.80 per share by the aerospace company on Thursday, March 15th. This represents a $3.20 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from L3 Technologies’s previous quarterly dividend of $0.75.
L3 Technologies has increased its dividend payment by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 14 years. L3 Technologies has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect L3 Technologies to earn $10.68 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 28.1%.
L3 Technologies (NYSE LLL) opened at $214.95 on Tuesday. L3 Technologies has a 1-year low of $159.43 and a 1-year high of $218.71. The company has a market cap of $16,693.77, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.70 and a beta of 1.26. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.65.
In other L3 Technologies news, insider Michael T. Strianese sold 39,515 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $197.04, for a total transaction of $7,786,035.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 338,665 shares of company stock worth $70,025,114 over the last ninety days. Insiders own 2.90% of the company’s stock.
Several brokerages recently commented on LLL. Zacks Investment Research upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a report on Tuesday, February 6th. ValuEngine upgraded shares of L3 Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen restated a “buy” rating and set a $225.00 target price on shares of L3 Technologies in a report on Friday, January 26th. SunTrust Banks increased their target price on shares of L3 Technologies to $253.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $250.00 target price on shares of L3 Technologies in a report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. L3 Technologies has an average rating of “Buy” and an average price target of $215.30.
L3 Technologies Company Profile
L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.
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