Manning & Napier Advisors LLC Sells 310,117 Shares of L3Harris Technologies Inc $LHX

Manning & Napier Advisors LLC reduced its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,337 shares of the company’s stock after selling 310,117 shares during the quarter. L3Harris Technologies makes up about 1.7% of Manning & Napier Advisors LLC’s holdings, making the stock its 16th biggest holding. Manning & Napier Advisors LLC’s holdings in L3Harris Technologies were worth $131,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LHX. Ethic Inc. boosted its stake in shares of L3Harris Technologies by 10.9% during the 4th quarter. Ethic Inc. now owns 17,770 shares of the company’s stock valued at $5,217,000 after purchasing an additional 1,753 shares in the last quarter. Ballentine Partners LLC raised its stake in L3Harris Technologies by 6.3% in the fourth quarter. Ballentine Partners LLC now owns 3,826 shares of the company’s stock worth $1,123,000 after buying an additional 227 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in L3Harris Technologies by 2.8% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 1,308 shares of the company’s stock worth $384,000 after buying an additional 36 shares during the period. International Assets Investment Management LLC lifted its holdings in L3Harris Technologies by 85.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,695 shares of the company’s stock worth $497,000 after buying an additional 779 shares during the period. Finally, Diversify Wealth Management LLC boosted its position in L3Harris Technologies by 9.5% during the 4th quarter. Diversify Wealth Management LLC now owns 1,253 shares of the company’s stock valued at $368,000 after acquiring an additional 109 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at L3Harris Technologies

In related news, insider Samir Mehta sold 5,528 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $370.32, for a total value of $2,047,128.96. Following the transaction, the insider directly owned 7,756 shares of the company’s stock, valued at approximately $2,872,201.92. This represents a 41.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jon Rambeau sold 5,528 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total value of $2,047,128.96. Following the sale, the insider owned 7,660 shares in the company, valued at approximately $2,836,651.20. This represents a 41.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,365 shares of company stock valued at $5,861,117. 0.68% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Performance

Shares of LHX stock opened at $300.08 on Friday. L3Harris Technologies Inc has a one year low of $214.10 and a one year high of $379.23. The company’s 50-day moving average is $349.03 and its 200 day moving average is $324.06. The company has a market capitalization of $55.90 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last issued its earnings results on Thursday, April 30th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.19. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.42 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts expect that L3Harris Technologies Inc will post 11.56 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, June 5th. L3Harris Technologies’s payout ratio is presently 54.29%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LHX shares. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group reduced their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Citigroup increased their price objective on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Wolfe Research reissued an “outperform” rating on shares of L3Harris Technologies in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.75.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.