Parkside Financial Bank & Trust Has $106,000 Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Parkside Financial Bank & Trust boosted its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 13.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 504 shares of the company’s stock after buying an additional 58 shares during the period. Parkside Financial Bank & Trust’s holdings in L3Harris Technologies were worth $106,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Group LLC lifted its position in shares of L3Harris Technologies by 58.6% in the third quarter. Manning & Napier Group LLC now owns 1,034,176 shares of the company’s stock worth $180,071,000 after purchasing an additional 381,997 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of L3Harris Technologies by 32,907.5% in the third quarter. Mondrian Investment Partners LTD now owns 380,246 shares of the company’s stock worth $66,208,000 after purchasing an additional 379,094 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of L3Harris Technologies by 53.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 853,238 shares of the company’s stock worth $179,709,000 after purchasing an additional 296,654 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of L3Harris Technologies by 22.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,450,040 shares of the company’s stock worth $252,481,000 after purchasing an additional 266,468 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in shares of L3Harris Technologies in the third quarter worth $35,207,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at L3Harris Technologies

In related news, Director William H. Swanson bought 1,250 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $215.35 per share, with a total value of $269,187.50. Following the completion of the acquisition, the director now owns 1,543 shares of the company’s stock, valued at $332,285.05. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Christopher E. Kubasik sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $212.22, for a total value of $8,488,800.00. Following the completion of the transaction, the chief executive officer now owns 116,175 shares of the company’s stock, valued at $24,654,658.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Swanson acquired 1,250 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now directly owns 1,543 shares of the company’s stock, valued at $332,285.05. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 48,362 shares of company stock valued at $10,261,360. 0.82% of the stock is currently owned by insiders.

L3Harris Technologies Trading Down 0.2 %

LHX opened at $207.36 on Friday. L3Harris Technologies, Inc. has a twelve month low of $160.25 and a twelve month high of $218.34. The company has a 50-day simple moving average of $210.11 and a 200 day simple moving average of $201.04. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 1.93 and a beta of 0.65.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Friday, January 26th. The company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.04. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.28 billion. L3Harris Technologies had a net margin of 6.32% and a return on equity of 12.68%. L3Harris Technologies’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.27 earnings per share. Analysts predict that L3Harris Technologies, Inc. will post 12.73 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.24%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 72.05%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Raymond James upped their price objective on shares of L3Harris Technologies from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, January 29th. UBS Group upped their price objective on shares of L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective on the stock in a report on Thursday, January 11th. Finally, Royal Bank of Canada upped their price target on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.60.

About L3Harris Technologies

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.