L3Harris Technologies Inc $LHX Stock Holdings Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its position in shares of L3Harris Technologies Inc (NYSE:LHX) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,171 shares of the company’s stock after purchasing an additional 1,857 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in L3Harris Technologies were worth $8,857,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of L3Harris Technologies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,410,806 shares of the company’s stock worth $6,872,710,000 after acquiring an additional 190,955 shares during the last quarter. Bank of America Corp DE grew its position in L3Harris Technologies by 3.1% during the second quarter. Bank of America Corp DE now owns 1,728,519 shares of the company’s stock worth $433,582,000 after buying an additional 52,776 shares in the last quarter. Capital Research Global Investors grew its position in L3Harris Technologies by 23.3% during the third quarter. Capital Research Global Investors now owns 1,657,085 shares of the company’s stock worth $506,090,000 after buying an additional 312,846 shares in the last quarter. AGF Management Ltd. grew its position in L3Harris Technologies by 15.9% during the third quarter. AGF Management Ltd. now owns 1,500,887 shares of the company’s stock worth $458,386,000 after buying an additional 205,479 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in L3Harris Technologies by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,440,599 shares of the company’s stock worth $439,920,000 after buying an additional 35,951 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 2.4%

Shares of LHX opened at $309.47 on Wednesday. The stock has a market cap of $57.65 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 1.52 and a beta of 0.51. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 12 month low of $214.10 and a 12 month high of $379.23. The company has a 50-day moving average price of $346.05 and a two-hundred day moving average price of $324.34.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.19. The firm 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 company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 earnings per share. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Equities analysts predict that L3Harris Technologies Inc will post 11.56 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. L3Harris Technologies’s payout ratio is 54.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LHX shares. Argus raised L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on L3Harris Technologies from $340.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. Vertical Research restated a “buy” rating and set a $355.00 price target on shares of L3Harris Technologies in a research note on Tuesday, January 13th. Finally, Morgan Stanley raised their price target on shares of L3Harris Technologies from $367.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Activity

In other news, VP Melanie Rakita sold 2,378 shares of L3Harris Technologies stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $341.45, for a total value of $811,968.10. Following the completion of the transaction, the vice president owned 4,882 shares in the company, valued at approximately $1,666,958.90. The trade was a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Samir Mehta sold 5,528 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the completion of the transaction, the insider owned 7,756 shares of the company’s stock, valued at $2,872,201.92. This trade represents a 41.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 16,365 shares of company stock worth $5,861,117. Insiders own 0.68% of the company’s stock.

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.