Rockefeller Capital Management L.P. grew its position in L3Harris Technologies Inc (NYSE:LHX – Free Report) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,997 shares of the company’s stock after acquiring an additional 168,097 shares during the period. Rockefeller Capital Management L.P.’s holdings in L3Harris Technologies were worth $157,646,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of LHX. REAP Financial Group LLC grew its holdings in L3Harris Technologies by 12.9% during the fourth quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after purchasing an additional 29 shares during the period. Burns J W & Co. Inc. NY raised its stake in L3Harris Technologies by 3.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 987 shares of the company’s stock valued at $290,000 after buying an additional 30 shares during the period. American National Bank & Trust raised its stake in L3Harris Technologies by 44.8% in the fourth quarter. American National Bank & Trust now owns 97 shares of the company’s stock valued at $28,000 after buying an additional 30 shares during the period. CYBER HORNET ETFs LLC lifted its position in shares of L3Harris Technologies by 5.8% in the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock valued at $161,000 after buying an additional 30 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC boosted its stake in shares of L3Harris Technologies by 3.7% during the 4th quarter. Turtle Creek Wealth Advisors LLC now owns 862 shares of the company’s stock worth $253,000 after acquiring an additional 31 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.
L3Harris Technologies Trading Up 0.1%
Shares of NYSE:LHX opened at $294.98 on Friday. L3Harris Technologies Inc has a 12-month low of $243.84 and a 12-month high of $379.23. The business has a 50 day moving average of $317.53 and a 200-day moving average of $328.08. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The stock has a market cap of $54.95 billion, a PE ratio of 32.03, a P/E/G ratio of 1.49 and a beta of 0.50.
L3Harris Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. L3Harris Technologies’s dividend payout ratio is currently 54.29%.
Insiders Place Their Bets
In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares in the company, valued at $1,301,406.40. This trade represents a 34.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on LHX. Weiss Ratings raised L3Harris Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. UBS Group cut their price target on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Wall Street Zen raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Truist Financial upgraded shares of L3Harris Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Argus raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $354.75.
View Our Latest Stock Report on LHX
L3Harris Technologies Company Profile
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.
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