L3Harris Technologies, Inc. (NYSE:LHX) Shares Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC raised its holdings in L3Harris Technologies, Inc. (NYSE:LHX) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,561 shares of the company’s stock after buying an additional 51 shares during the period. Premier Path Wealth Partners LLC’s holdings in L3Harris Technologies were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in L3Harris Technologies by 29.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 774,560 shares of the company’s stock worth $184,245,000 after purchasing an additional 178,407 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of L3Harris Technologies by 65.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 434,287 shares of the company’s stock valued at $97,532,000 after buying an additional 171,420 shares during the period. International Assets Investment Management LLC grew its position in shares of L3Harris Technologies by 23,627.0% during the third quarter. International Assets Investment Management LLC now owns 170,597 shares of the company’s stock worth $40,580,000 after buying an additional 169,878 shares in the last quarter. Mizuho Markets Americas LLC increased its stake in shares of L3Harris Technologies by 25.3% during the third quarter. Mizuho Markets Americas LLC now owns 822,736 shares of the company’s stock worth $195,704,000 after buying an additional 166,262 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in L3Harris Technologies in the third quarter valued at approximately $35,904,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $223.62, for a total value of $394,465.68. Following the transaction, the insider now directly owns 8,576 shares of the company’s stock, valued at approximately $1,917,765.12. The trade was a 17.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 7,889 shares of company stock valued at $1,800,572 over the last three months. 0.87% of the stock is currently owned by company insiders.

L3Harris Technologies Trading Down 0.1 %

NYSE LHX opened at $218.22 on Friday. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74. The firm has a market cap of $41.39 billion, a PE ratio of 34.47, a P/E/G ratio of 1.68 and a beta of 0.75. The firm’s fifty day moving average is $227.28 and its two-hundred day moving average is $232.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings results on Thursday, October 24th. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.07. L3Harris Technologies had a return on equity of 13.11% and a net margin of 5.71%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that L3Harris Technologies, Inc. will post 13.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LHX shares. Raymond James downgraded shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Citigroup increased their target price on L3Harris Technologies from $268.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on L3Harris Technologies from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday. Sanford C. Bernstein upgraded L3Harris Technologies from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Finally, Susquehanna decreased their target price on L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.19.

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.