Measured Wealth Private Client Group LLC Increases Stock Position in L3Harris Technologies, Inc. (NYSE:LHX)

Measured Wealth Private Client Group LLC raised its position in L3Harris Technologies, Inc. (NYSE:LHX) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 953 shares of the company’s stock after purchasing an additional 50 shares during the period. Measured Wealth Private Client Group LLC’s holdings in L3Harris Technologies were worth $200,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in L3Harris Technologies by 29.9% in 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 during the period. International Assets Investment Management LLC increased its position in shares of L3Harris Technologies by 23,627.0% in the third 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 in the last quarter. Mizuho Markets Americas LLC raised its stake in shares of L3Harris Technologies by 25.3% during the 3rd 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. Janney Montgomery Scott LLC purchased a new position in shares of L3Harris Technologies during the 3rd quarter valued at approximately $35,904,000. Finally, Rockefeller Capital Management L.P. grew its stake in L3Harris Technologies by 156.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 148,236 shares of the company’s stock valued at $35,259,000 after acquiring an additional 90,370 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE LHX opened at $206.05 on Friday. The stock has a market cap of $39.08 billion, a PE ratio of 26.18, a P/E/G ratio of 1.74 and a beta of 0.76. L3Harris Technologies, Inc. has a twelve month low of $200.18 and a twelve month high of $265.74. The stock has a fifty day simple moving average of $217.76 and a 200-day simple moving average of $231.49. 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 released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. Equities analysts anticipate that L3Harris Technologies, Inc. will post 13.8 earnings per share for the current year.

Insider Activity

In related news, insider Ross Niebergall sold 1,373 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 5,049 shares of the company’s stock, valued at $1,060,592.94. The trade was a 21.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 4,901 shares of company stock worth $1,059,757. Corporate insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LHX shares. Morgan Stanley reduced their price objective on shares of L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of L3Harris Technologies from $250.00 to $229.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Sanford C. Bernstein upgraded L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $289.00 to $267.00 in a research note on Wednesday, January 8th. StockNews.com upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target 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, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $263.07.

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.