Martin Investment Management LLC Has $8.54 Million Stock Holdings in L3Harris Technologies Inc $LHX

Martin Investment Management LLC lowered its stake in shares of L3Harris Technologies Inc (NYSE:LHX) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,093 shares of the company’s stock after selling 1,853 shares during the quarter. L3Harris Technologies comprises approximately 2.2% of Martin Investment Management LLC’s holdings, making the stock its 14th largest holding. Martin Investment Management LLC’s holdings in L3Harris Technologies were worth $8,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LHX. Fideuram Asset Management Ireland dac bought a new stake in shares of L3Harris Technologies during the fourth quarter valued at approximately $25,000. Caitlin John LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth approximately $28,000. JPL Wealth Management LLC acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth approximately $29,000. American National Bank & Trust grew 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 worth $28,000 after buying an additional 30 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of L3Harris Technologies during the 4th quarter worth approximately $30,000. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total value of $676,781.00. Following the transaction, the vice president directly owned 4,192 shares of the company’s stock, valued at approximately $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.68% of the company’s stock.

L3Harris Technologies Stock Performance

NYSE:LHX opened at $310.01 on Tuesday. The stock has a 50 day simple moving average of $330.34 and a 200 day simple moving average of $326.17. The stock has a market cap of $57.75 billion, a P/E ratio of 33.66, a PEG ratio of 1.59 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 $237.56 and a 1-year high of $379.23.

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

L3Harris Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of L3Harris Technologies from $340.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. UBS Group dropped their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Citigroup boosted their price target on L3Harris Technologies from $389.00 to $418.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Truist Financial upgraded L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $354.75.

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.