L3Harris Technologies, Inc. (NYSE:LHX) SVP Scott T. Mikuen Sells 8,573 Shares

L3Harris Technologies, Inc. (NYSE:LHX) SVP Scott T. Mikuen sold 8,573 shares of the company’s stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of $225.08, for a total value of $1,929,610.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE:LHX opened at $227.10 on Thursday. The stock has a 50-day simple moving average of $219.87. The firm has a market cap of $46.55 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88. The company has a current ratio of 1.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.34. L3Harris Technologies, Inc. has a 12-month low of $158.09 and a 12-month high of $228.19.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings data on Friday, April 30th. The company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.26. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.62 billion. L3Harris Technologies had a return on equity of 12.01% and a net margin of 7.55%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. On average, equities analysts predict that L3Harris Technologies, Inc. will post 12.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st were issued a $1.02 dividend. The ex-dividend date was Friday, May 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.80%. L3Harris Technologies’s dividend payout ratio (DPR) is 35.17%.

Several institutional investors have recently added to or reduced their stakes in LHX. Concord Wealth Partners raised its holdings in shares of L3Harris Technologies by 258.3% during the 1st quarter. Concord Wealth Partners now owns 129 shares of the company’s stock valued at $26,000 after buying an additional 93 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $26,000. Wealthcare Capital Management LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $29,000. Meridian Wealth Partners LLC purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $29,000. Finally, Piscataqua Savings Bank purchased a new stake in shares of L3Harris Technologies during the 1st quarter valued at about $30,000. Institutional investors own 79.87% of the company’s stock.

LHX has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of L3Harris Technologies in a report on Monday, May 3rd. TheStreet lowered L3Harris Technologies from a “b” rating to a “c” rating in a report on Friday, April 30th. Credit Suisse Group increased their price objective on L3Harris Technologies from $200.00 to $223.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Wells Fargo & Company assumed coverage on L3Harris Technologies in a research note on Tuesday, May 18th. They set an “equal weight” rating and a $225.00 price objective on the stock. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of L3Harris Technologies in a research note on Friday, May 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $226.23.

About L3Harris Technologies

L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions.

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