Mondrian Investment Partners LTD lowered its stake in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 255,870 shares of the company’s stock after selling 6,925 shares during the period. L3Harris Technologies comprises about 1.3% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 27th biggest position. Mondrian Investment Partners LTD’s holdings in L3Harris Technologies were worth $60,585,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. NBH Bank acquired a new stake in L3Harris Technologies during the second quarter worth about $26,000. Cedar Mountain Advisors LLC increased its holdings in L3Harris Technologies by 1,233.3% in the first quarter. Cedar Mountain Advisors LLC now owns 80 shares of the company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in shares of L3Harris Technologies by 80.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 99 shares of the company’s stock valued at $29,000 after purchasing an additional 44 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of L3Harris Technologies in the second quarter valued at approximately $33,000. Finally, Fiduciary Financial Advisors purchased a new stake in L3Harris Technologies in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Wall Street Analyst Weigh In
LHX has been the topic of several research analyst reports. BNP Paribas Exane cut their target price on shares of L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their price target on shares of L3Harris Technologies from $310.00 to $265.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. The Goldman Sachs Group decreased their target price on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Melius Research lowered shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Wall Street Zen cut shares of L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $341.71.
Check Out Our Latest Analysis on LHX
L3Harris Technologies Stock Performance
Shares of L3Harris Technologies stock opened at $253.68 on Friday. The firm has a market cap of $47.24 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.50. 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 Inc has a 52 week low of $232.34 and a 52 week high of $379.23. The business’s fifty day simple moving average is $250.31 and its 200-day simple moving average is $287.12.
L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.33. The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts forecast that L3Harris Technologies Inc will post 11.89 earnings per share for the current year.
L3Harris Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, December 4th. L3Harris Technologies’s dividend payout ratio (DPR) is 50.51%.
L3Harris Technologies Profile
L3Harris Technologies, Inc is a technology and defense company that develops products and systems for government and commercial customers. Its offerings support aerospace, defense, space, communications, intelligence, surveillance and reconnaissance, electronic warfare, missile defense, and aviation missions.
The company provides secure communications equipment, tactical radios, sensors, avionics, electronic warfare systems, missile and air defense technologies, space payloads and systems, and other mission-critical solutions.
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