L3Harris Technologies, Inc. (NYSE:LHX) Stock Holdings Decreased by WealthShield Partners LLC

WealthShield Partners LLC lowered its stake in L3Harris Technologies, Inc. (NYSE:LHX) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,866 shares of the company’s stock after selling 426 shares during the period. WealthShield Partners LLC’s holdings in L3Harris Technologies were worth $3,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LHX. Blue Trust Inc. grew its position in shares of L3Harris Technologies by 96.7% during the 3rd quarter. Blue Trust Inc. now owns 653 shares of the company’s stock valued at $147,000 after buying an additional 321 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of L3Harris Technologies by 23,627.0% during the 3rd quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock valued at $40,580,000 after buying an additional 169,878 shares during the last quarter. Ballentine Partners LLC grew its position in shares of L3Harris Technologies by 3.4% during the 3rd quarter. Ballentine Partners LLC now owns 3,341 shares of the company’s stock valued at $795,000 after buying an additional 111 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of L3Harris Technologies by 38.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,622 shares of the company’s stock valued at $2,966,000 after buying an additional 3,521 shares during the last quarter. Finally, Modera Wealth Management LLC grew its position in shares of L3Harris Technologies by 2.9% during the 3rd quarter. Modera Wealth Management LLC now owns 6,666 shares of the company’s stock valued at $1,586,000 after buying an additional 190 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,373 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $210.06, for a total transaction of $288,412.38. Following the completion of the sale, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. This represents a 21.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 4,901 shares of company stock valued at $1,059,757 over the last ninety days. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Susquehanna lowered their price objective on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $240.00 target price on shares of L3Harris Technologies in a research report on Friday, January 31st. Finally, Argus upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Tuesday, November 26th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $262.67.

L3Harris Technologies Trading Up 1.0 %

Shares of NYSE:LHX opened at $199.13 on Monday. The company has a 50 day moving average of $210.26 and a 200-day moving average of $229.10. The firm has a market cap of $37.50 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.42 and a beta of 0.76. L3Harris Technologies, Inc. has a twelve month low of $193.09 and a twelve month high of $265.74. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. As a group, analysts anticipate that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

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.