Systematic Financial Management LP Purchases 2,170 Shares of L3Harris Technologies Inc $LHX

Systematic Financial Management LP raised its position in L3Harris Technologies Inc (NYSE:LHX) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,780 shares of the company’s stock after purchasing an additional 2,170 shares during the period. Systematic Financial Management LP’s holdings in L3Harris Technologies were worth $6,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Burns J W & Co. Inc. NY raised its position in shares of L3Harris Technologies by 3.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock valued at $290,000 after buying an additional 30 shares in the last quarter. American National Bank & Trust raised its position in shares of L3Harris Technologies by 44.8% during the 4th quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after buying an additional 30 shares in the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of L3Harris Technologies by 3.7% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock valued at $253,000 after buying an additional 31 shares in the last quarter. Rainier Family Wealth Inc. raised its position in shares of L3Harris Technologies by 4.8% during the 4th quarter. Rainier Family Wealth Inc. now owns 700 shares of the company’s stock valued at $205,000 after buying an additional 32 shares in the last quarter. Finally, San Luis Wealth Advisors LLC raised its position in shares of L3Harris Technologies by 5.1% during the 4th quarter. San Luis Wealth Advisors LLC now owns 705 shares of the company’s stock valued at $207,000 after buying an additional 34 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

L3Harris Technologies Trading Up 0.0%

Shares of LHX opened at $312.12 on Monday. The firm’s 50-day moving average price is $336.51 and its 200-day moving average price is $325.31. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.58 and a beta of 0.51. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies Inc has a 1-year low of $235.72 and a 1-year high of $379.23.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.53 by $0.19. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm posted $2.41 earnings per share. L3Harris Technologies’s quarterly revenue was up 11.9% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.400-11.600 EPS. Sell-side analysts anticipate that L3Harris Technologies Inc will post 11.52 EPS for the current year.

L3Harris Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.00 annualized dividend and a yield of 1.6%. L3Harris Technologies’s payout ratio is presently 54.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LHX shares. Royal Bank Of Canada lifted their target price on shares of L3Harris Technologies from $360.00 to $365.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. UBS Group decreased their price objective on shares of L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Argus upgraded shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Citigroup boosted their price objective on shares of L3Harris Technologies from $389.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and a consensus price target of $354.75.

Insider Buying and Selling

In related news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $310.45, for a total transaction of $676,781.00. Following the sale, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Rambeau sold 5,528 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $370.32, for a total transaction of $2,047,128.96. Following the sale, the insider directly owned 7,660 shares in the company, valued at $2,836,651.20. The trade was a 41.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,365 shares of company stock valued at $5,861,117 over the last quarter. Corporate insiders own 0.68% of the company’s stock.

About L3Harris Technologies

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.