Carillon Tower Advisers Inc. Raises Holdings in L3 Technologies Inc (LLL)

Carillon Tower Advisers Inc. grew its position in shares of L3 Technologies Inc (NYSE:LLL) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,725 shares of the aerospace company’s stock after purchasing an additional 450 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in L3 Technologies were worth $4,277,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Oakbrook Investments LLC grew its holdings in shares of L3 Technologies by 1.3% during the first quarter. Oakbrook Investments LLC now owns 3,760 shares of the aerospace company’s stock worth $776,000 after purchasing an additional 50 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of L3 Technologies by 8.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 653 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 51 shares during the last quarter. First Commonwealth Financial Corp PA grew its holdings in shares of L3 Technologies by 2.9% during the fourth quarter. First Commonwealth Financial Corp PA now owns 2,190 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 62 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of L3 Technologies by 36.1% during the fourth quarter. Mosaic Family Wealth LLC now owns 264 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 70 shares during the last quarter. Finally, Legacy Bridge LLC grew its holdings in shares of L3 Technologies by 2.6% during the first quarter. Legacy Bridge LLC now owns 2,785 shares of the aerospace company’s stock worth $575,000 after purchasing an additional 70 shares during the last quarter. 82.50% of the stock is currently owned by institutional investors.

NYSE LLL opened at $237.11 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.65 and a current ratio of 2.02. L3 Technologies Inc has a 52-week low of $158.76 and a 52-week high of $239.35. The stock has a market cap of $18.62 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.15 and a beta of 1.28.

L3 Technologies (NYSE:LLL) last released its quarterly earnings results on Wednesday, May 1st. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.37. L3 Technologies had a return on equity of 15.50% and a net margin of 9.64%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the company posted $2.34 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Analysts predict that L3 Technologies Inc will post 11.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.43%. L3 Technologies’s payout ratio is currently 31.63%.

Several equities analysts have issued reports on LLL shares. Zacks Investment Research lowered L3 Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Credit Suisse Group reissued a “buy” rating and set a $229.00 price target on shares of L3 Technologies in a report on Wednesday, January 23rd. Cowen reissued a “buy” rating and set a $250.00 price target on shares of L3 Technologies in a report on Tuesday, January 29th. SunTrust Banks raised L3 Technologies to a “buy” rating and set a $265.00 price target on the stock in a report on Thursday, May 2nd. Finally, ValuEngine raised L3 Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $232.78.

In related news, insider Todd W. Gautier sold 7,438 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $205.69, for a total value of $1,529,922.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd W. Gautier sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $214.86, for a total transaction of $773,496.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

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L3 Technologies Profile

L3 Technologies, Inc provides aircraft sustainment, simulation and training, night vision and image intensification equipment, and security and detection systems used on military, homeland security, and commercial platforms in the United States and internationally. It operates in three segments: Intelligence, Surveillance and Reconnaissance (ISR) Systems; Communications and Networked Systems (C&NS); and Electronic Systems.

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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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