L3Harris Technologies, Inc. (NYSE:LHX) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,170 shares of the company’s stock after selling 151 shares during the quarter. OLD National Bancorp IN’s holdings in L3Harris Technologies were worth $457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Strong Tower Advisory Services boosted its holdings in shares of L3Harris Technologies by 0.9% during the fourth quarter. Strong Tower Advisory Services now owns 5,363 shares of the company’s stock valued at $1,130,000 after acquiring an additional 49 shares during the period. Blossom Wealth Management boosted its holdings in shares of L3Harris Technologies by 2.1% during the fourth quarter. Blossom Wealth Management now owns 2,465 shares of the company’s stock valued at $519,000 after acquiring an additional 51 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in shares of L3Harris Technologies by 3.8% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,622 shares of the company’s stock valued at $282,000 after acquiring an additional 59 shares during the period. Sky Investment Group LLC boosted its holdings in shares of L3Harris Technologies by 4.2% during the third quarter. Sky Investment Group LLC now owns 1,495 shares of the company’s stock valued at $260,000 after acquiring an additional 60 shares during the period. Finally, Twin Lakes Capital Management LLC boosted its holdings in shares of L3Harris Technologies by 0.4% during the third quarter. Twin Lakes Capital Management LLC now owns 14,695 shares of the company’s stock valued at $2,559,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, Director William H. Swanson bought 1,250 shares of the stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now directly owns 1,543 shares in the company, valued at approximately $332,285.05. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Christopher E. Kubasik sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $212.22, for a total value of $8,488,800.00. Following the completion of the sale, the chief executive officer now owns 116,175 shares of the company’s stock, valued at approximately $24,654,658.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Swanson purchased 1,250 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $215.35 per share, with a total value of $269,187.50. Following the purchase, the director now owns 1,543 shares in the company, valued at approximately $332,285.05. The disclosure for this purchase can be found here. Insiders have sold a total of 48,362 shares of company stock valued at $10,261,360 in the last 90 days. 0.82% of the stock is currently owned by corporate insiders.

L3Harris Technologies Price Performance

NYSE LHX opened at $207.71 on Thursday. The stock’s 50-day moving average price is $210.19 and its two-hundred day moving average price is $200.99. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59. The company has a market cap of $39.49 billion, a PE ratio of 32.25, a PEG ratio of 1.93 and a beta of 0.65. L3Harris Technologies, Inc. has a 1 year low of $160.25 and a 1 year high of $218.34.

L3Harris Technologies (NYSE:LHX) last posted its quarterly earnings data on Friday, January 26th. The company reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.28 billion. L3Harris Technologies had a return on equity of 12.68% and a net margin of 6.32%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.27 EPS. On average, analysts predict that L3Harris Technologies, Inc. will post 12.73 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.64 annualized dividend and a yield of 2.23%. L3Harris Technologies’s payout ratio is presently 72.05%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of L3Harris Technologies from $250.00 to $238.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. Alembic Global Advisors upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $238.00 price objective on the stock in a research note on Monday. UBS Group lifted their price objective on shares of L3Harris Technologies from $222.00 to $229.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upgraded shares of L3Harris Technologies from a “neutral” rating to an “overweight” rating and set a $240.00 price objective on the stock in a research note on Thursday, January 11th. Finally, Royal Bank of Canada lifted their price objective on shares of L3Harris Technologies from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $229.60.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.