8,630 Shares in L3Harris Technologies Inc $LHX Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in L3Harris Technologies Inc (NYSE:LHX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,630 shares of the company’s stock, valued at approximately $2,508,000.

Several other institutional investors have also modified their holdings of LHX. Fideuram Asset Management Ireland dac acquired a new stake in shares of L3Harris Technologies during the fourth quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in L3Harris Technologies in the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in shares of L3Harris Technologies in the fourth quarter valued at about $25,000. Cedar Mountain Advisors LLC grew its position in L3Harris Technologies by 1,233.3% during the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock worth $28,000 after buying an additional 74 shares during the period. Finally, Abound Financial LLC purchased a new position in L3Harris Technologies in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

LHX has been the subject of several research analyst reports. Susquehanna dropped their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Sanford C. Bernstein cut their price target on L3Harris Technologies to $405.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, BNP Paribas Exane decreased their price objective on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and an average price target of $360.45.

L3Harris Technologies Stock Up 0.5%

Shares of NYSE:LHX opened at $263.31 on Friday. L3Harris Technologies Inc has a 52-week low of $258.54 and a 52-week high of $379.23. The stock’s fifty day simple moving average is $285.55 and its 200-day simple moving average is $317.80. The company has a market capitalization of $49.03 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.14 and a beta of 0.51. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.46.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company posted $2.78 EPS. The company’s quarterly 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. As a group, equities research analysts forecast that L3Harris Technologies Inc will post 11.88 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies’s dividend payout ratio is presently 50.51%.

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.