L3Harris Technologies Inc $LHX Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC lessened its holdings in shares of L3Harris Technologies Inc (NYSE:LHX) by 1.3% during the second quarter, HoldingsChannel reports. The fund owned 7,284 shares of the company’s stock after selling 98 shares during the period. BKM Wealth Management LLC’s holdings in L3Harris Technologies were worth $1,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cyndeo Wealth Partners LLC grew its holdings in L3Harris Technologies by 2.7% during the second quarter. Cyndeo Wealth Partners LLC now owns 1,396 shares of the company’s stock worth $350,000 after acquiring an additional 37 shares during the period. Independence Bank of Kentucky grew its holdings in L3Harris Technologies by 44.4% during the second quarter. Independence Bank of Kentucky now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 40 shares during the period. DB Fitzpatrick & Co Inc grew its holdings in L3Harris Technologies by 1.0% during the second quarter. DB Fitzpatrick & Co Inc now owns 4,450 shares of the company’s stock worth $1,116,000 after acquiring an additional 42 shares during the period. Riverbend Wealth Management LLC grew its holdings in L3Harris Technologies by 4.3% during the second quarter. Riverbend Wealth Management LLC now owns 1,027 shares of the company’s stock worth $258,000 after acquiring an additional 42 shares during the period. Finally, Norway Savings Bank grew its holdings in L3Harris Technologies by 3.0% in the second quarter. Norway Savings Bank now owns 1,490 shares of the company’s stock valued at $374,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LHX. Morgan Stanley upped their target price on L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Susquehanna upped their target price on L3Harris Technologies from $300.00 to $320.00 and gave the company a “positive” rating in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Finally, UBS Group upped their target price on L3Harris Technologies from $262.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $287.63.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 83,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $279.90, for a total value of $23,231,700.00. Following the sale, the chief executive officer directly owned 145,578 shares in the company, valued at $40,747,282.20. This represents a 36.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 195,138 shares of company stock valued at $53,571,774 in the last quarter. 0.72% of the stock is owned by corporate insiders.

L3Harris Technologies Stock Down 0.1%

Shares of NYSE:LHX opened at $283.89 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. L3Harris Technologies Inc has a 52-week low of $193.09 and a 52-week high of $308.12. The stock’s fifty day simple moving average is $283.22 and its 200-day simple moving average is $255.72. The company has a market capitalization of $53.12 billion, a P/E ratio of 31.72, a P/E/G ratio of 2.07 and a beta of 0.76.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.30. L3Harris Technologies had a return on equity of 11.82% and a net margin of 7.94%.The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same period in the prior year, the business earned $3.24 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. L3Harris Technologies has set its FY 2025 guidance at 10.400-10.600 EPS. As a group, equities research analysts forecast that L3Harris Technologies Inc will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 17th. L3Harris Technologies’s dividend payout ratio is currently 53.63%.

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.