Fidelis Capital Partners LLC Sells 84 Shares of L3Harris Technologies, Inc. (NYSE:LHX)

Fidelis Capital Partners LLC cut its stake in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,761 shares of the company’s stock after selling 84 shares during the period. Fidelis Capital Partners LLC’s holdings in L3Harris Technologies were worth $433,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LHX. First Trust Direct Indexing L.P. lifted its stake in L3Harris Technologies by 12.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,400 shares of the company’s stock valued at $1,151,000 after acquiring an additional 586 shares in the last quarter. Leeward Investments LLC MA lifted its stake in L3Harris Technologies by 3.8% during the 1st quarter. Leeward Investments LLC MA now owns 44,941 shares of the company’s stock valued at $9,577,000 after acquiring an additional 1,646 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in L3Harris Technologies by 6.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 3,829 shares of the company’s stock valued at $807,000 after acquiring an additional 230 shares in the last quarter. Diversify Advisory Services LLC bought a new position in L3Harris Technologies during the 1st quarter valued at $448,000. Finally, Peterson Wealth Services lifted its stake in L3Harris Technologies by 5.8% during the 1st quarter. Peterson Wealth Services now owns 1,432 shares of the company’s stock valued at $305,000 after acquiring an additional 79 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LHX. Deutsche Bank Aktiengesellschaft decreased their target price on L3Harris Technologies from $252.00 to $250.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. StockNews.com raised L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup raised their target price on L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised their target price on L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Truist Financial raised their target price on L3Harris Technologies from $293.00 to $300.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and an average target price of $261.50.

L3Harris Technologies Stock Up 0.2 %

LHX stock opened at $245.54 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $46.58 billion, a PE ratio of 39.86, a PEG ratio of 2.10 and a beta of 0.73. L3Harris Technologies, Inc. has a twelve month low of $176.15 and a twelve month high of $258.89. The stock has a 50-day simple moving average of $238.05 and a two-hundred day simple moving average of $228.24.

L3Harris Technologies (NYSE:LHX) last posted its earnings results on Thursday, October 24th. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.07. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.28 billion. L3Harris Technologies had a return on equity of 13.02% and a net margin of 5.73%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.19 EPS. On average, equities analysts predict that L3Harris Technologies, Inc. will post 13.06 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, November 18th. L3Harris Technologies’s payout ratio is presently 75.32%.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 2,988 shares of L3Harris Technologies stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $244.68, for a total transaction of $731,103.84. Following the completion of the transaction, the insider now owns 13,328 shares of the company’s stock, valued at $3,261,095.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.82% of the company’s stock.

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.