L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC grew its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,842 shares of the company’s stock after purchasing an additional 176 shares during the quarter. Modera Wealth Management LLC’s holdings in L3Harris Technologies were worth $1,439,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LHX. Smartleaf Asset Management LLC boosted its position in L3Harris Technologies by 14.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,317 shares of the company’s stock worth $275,000 after acquiring an additional 162 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in L3Harris Technologies by 8,000.0% in the 4th quarter. Richard W. Paul & Associates LLC now owns 405 shares of the company’s stock worth $85,000 after purchasing an additional 400 shares in the last quarter. Metis Global Partners LLC boosted its holdings in shares of L3Harris Technologies by 5.1% during the 4th quarter. Metis Global Partners LLC now owns 6,371 shares of the company’s stock worth $1,340,000 after purchasing an additional 310 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at approximately $15,244,000. Finally, Tower Bridge Advisors increased its holdings in shares of L3Harris Technologies by 0.8% in the fourth quarter. Tower Bridge Advisors now owns 21,483 shares of the company’s stock valued at $4,517,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Activity at L3Harris Technologies

In other L3Harris Technologies news, insider Ross Niebergall sold 1,764 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $213.65, for a total value of $376,878.60. Following the completion of the transaction, the insider now owns 6,812 shares of the company’s stock, valued at $1,455,383.80. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 4,901 shares of company stock worth $1,059,757. Corporate insiders own 0.82% of the company’s stock.

L3Harris Technologies Stock Up 0.7 %

NYSE:LHX opened at $207.58 on Tuesday. L3Harris Technologies, Inc. has a 52 week low of $193.09 and a 52 week high of $265.74. The stock’s fifty day moving average is $208.94 and its two-hundred day moving average is $228.09. The stock has a market capitalization of $39.09 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.42 and a beta of 0.76. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

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

L3Harris Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $1.20 dividend. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.16. The ex-dividend date is Monday, March 10th. This represents a $4.80 annualized dividend and a dividend yield of 2.31%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 58.96%.

Wall Street Analysts Forecast Growth

LHX has been the subject of several analyst reports. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Tuesday, November 26th. Truist Financial dropped their price objective on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating for the company in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $240.00 target price on shares of L3Harris Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of L3Harris Technologies from $265.00 to $255.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price target on shares of L3Harris Technologies from $300.00 to $269.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.47.

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.