L3Harris Technologies Inc $LHX Holdings Trimmed by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 33.8% during the 3rd quarter, Holdings Channel reports. The firm owned 23,059 shares of the company’s stock after selling 11,771 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in L3Harris Technologies were worth $5,501,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. purchased a new stake in shares of L3Harris Technologies during the second quarter valued at approximately $1,397,000. Swiss National Bank lifted its holdings in L3Harris Technologies by 7.1% during the first quarter. Swiss National Bank now owns 549,029 shares of the company’s stock worth $189,497,000 after acquiring an additional 36,320 shares during the period. Community Trust & Investment Co. lifted its holdings in L3Harris Technologies by 8.2% during the third quarter. Community Trust & Investment Co. now owns 63,777 shares of the company’s stock worth $15,101,000 after acquiring an additional 4,828 shares during the period. Concurrent Investment Advisors LLC boosted its position in L3Harris Technologies by 29.4% in the second quarter. Concurrent Investment Advisors LLC now owns 53,138 shares of the company’s stock worth $15,441,000 after purchasing an additional 12,059 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in L3Harris Technologies by 22.3% in the first quarter. Bank of America Corp DE now owns 1,917,732 shares of the company’s stock worth $661,905,000 after purchasing an additional 350,313 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on LHX. Sanford C. Bernstein reduced their price objective on L3Harris Technologies from $346.00 to $318.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Royal Bank Of Canada decreased their target price on L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. BNP Paribas Exane lowered their target price on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. UBS Group decreased their price objective on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Finally, Jefferies Financial Group downgraded shares of L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $341.71.

L3Harris Technologies Price Performance

L3Harris Technologies stock opened at $244.06 on Tuesday. L3Harris Technologies Inc has a 12 month low of $232.34 and a 12 month high of $379.23. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $253.35 and its 200 day simple moving average is $289.59. The company has a market cap of $45.45 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.59 and a beta of 0.50.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The business had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the company earned $2.78 earnings per share. L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Sell-side analysts forecast that L3Harris Technologies Inc will post 11.89 EPS for the current year.

L3Harris Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

L3Harris Technologies Profile

L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.

The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.