EverSource Wealth Advisors LLC Has $407,000 Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

EverSource Wealth Advisors LLC lifted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 135.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,938 shares of the company’s stock after purchasing an additional 1,114 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in L3Harris Technologies were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sigma Planning Corp raised its holdings in L3Harris Technologies by 1.9% during the third quarter. Sigma Planning Corp now owns 2,613 shares of the company’s stock valued at $622,000 after buying an additional 49 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of L3Harris Technologies by 132.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,715 shares of the company’s stock valued at $1,122,000 after acquiring an additional 2,683 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in L3Harris Technologies by 18.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,657 shares of the company’s stock worth $632,000 after purchasing an additional 405 shares during the last quarter. KBC Group NV boosted its position in L3Harris Technologies by 3.5% during the third quarter. KBC Group NV now owns 17,305 shares of the company’s stock worth $4,116,000 after purchasing an additional 585 shares during the period. Finally, Zions Bancorporation N.A. grew its holdings in L3Harris Technologies by 21.7% during the third quarter. Zions Bancorporation N.A. now owns 2,152 shares of the company’s stock valued at $512,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

LHX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. Bank of America decreased their price target on shares of L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Truist Financial lowered their price target on L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on L3Harris Technologies from $269.00 to $268.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Finally, Citigroup lowered their target price on L3Harris Technologies from $291.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, L3Harris Technologies presently has an average rating of “Moderate Buy” and an average price target of $261.40.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Edward J. Zoiss sold 1,783 shares of L3Harris Technologies stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total transaction of $377,068.84. Following the completion of the transaction, the insider now directly owns 30,620 shares of the company’s stock, valued at approximately $6,475,517.60. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ross Niebergall sold 1,373 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was 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 in the company, valued at approximately $1,060,592.94. The trade was a 21.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,862 shares of company stock valued at $2,155,054 in the last 90 days. 0.82% of the stock is owned by corporate insiders.

L3Harris Technologies Trading Up 0.1 %

Shares of L3Harris Technologies stock opened at $211.42 on Friday. L3Harris Technologies, Inc. has a 52-week low of $193.09 and a 52-week high of $265.74. The firm has a market capitalization of $39.69 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The company’s fifty day moving average price is $209.26 and its two-hundred day moving average price is $227.04.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, January 30th. The company reported $3.47 earnings per share for the quarter, beating 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%. On average, analysts expect that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.16. L3Harris Technologies’s dividend payout ratio (DPR) is 60.99%.

L3Harris Technologies Company Profile

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.