L3Harris Technologies Inc $LHX Stock: Sumitomo Mitsui Trust Group Inc. Increases Holdings

Posted by Brian Himes on Nov 3rd, 2026

Sumitomo Mitsui Trust Group Inc. raised its position in L3Harris Technologies Inc (NYSE:LHX – Free Report) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 600,190 shares of the company’s stock after buying an additional 11,016 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.32% of L3Harris Technologies worth $142,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of L3Harris Technologies during the 3rd quarter worth approximately $12,896,000. SFE Investment Counsel increased its stake in L3Harris Technologies by 33.6% in the third quarter. SFE Investment Counsel now owns 31,772 shares of the company’s stock valued at $7,523,000 after acquiring an additional 7,990 shares during the last quarter. ProShare Advisors LLC raised its position in L3Harris Technologies by 14.4% during the third quarter. ProShare Advisors LLC now owns 32,679 shares of the company’s stock valued at $7,738,000 after purchasing an additional 4,123 shares in the last quarter. Vise Technologies Inc. raised its position in L3Harris Technologies by 34.1% during the third quarter. Vise Technologies Inc. now owns 7,798 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,982 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in L3Harris Technologies by 4.9% during the third quarter. Cidel Asset Management Inc. now owns 1,785 shares of the company’s stock worth $423,000 after purchasing an additional 83 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Price Performance

LHX stock opened at $278.83 on Tuesday. The stock has a market cap of $51.92 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.63 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.18 and a quick ratio of 1.03. The company has a 50 day simple moving average of $250.04 and a 200 day simple moving average of $304.75. L3Harris Technologies Inc has a 1 year low of $232.34 and a 1 year high of $379.23.

L3Harris Technologies (NYSE:LHX – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $3.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.33. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.92 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $2.70 earnings per share. Research analysts anticipate that L3Harris Technologies Inc will post 12.32 EPS for the current fiscal year.

L3Harris Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, December 4th. L3Harris Technologies’s dividend payout ratio is presently 46.64%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LHX shares. TD Cowen reduced their target price on L3Harris Technologies from $370.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Royal Bank Of Canada lifted their price target on L3Harris Technologies from $265.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday. BNP Paribas Exane dropped their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their price objective on L3Harris Technologies from $405.00 to $361.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, UBS Group lifted their target price on L3Harris Technologies from $264.00 to $293.00 and gave the company a “neutral” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $343.50.

Check Out Our Latest Stock Report on L3Harris Technologies

L3Harris Technologies News Summary

Here are the key news stories impacting L3Harris Technologies this week:

Positive Sentiment: L3Harris received multiple U.S. Army production orders worth a combined $121 million for its Low-Cost Data Radio (LOCODA) solution. The equipment is intended to improve vehicle communications and support Army command-and-control applications, adding near-term backlog visibility. L3Harris Receives $121 Million in Orders to Support Army Command and Control
Positive Sentiment: The company announced work to advance submarine technology for Germany and Norway, strengthening L3Harris’s position in allied undersea-defense programs and potentially supporting longer-term international growth. L3Harris Technologies to Advance German and Norwegian Submarine Technology
Positive Sentiment: J.P. Morgan resumed coverage with an Overweight rating, a constructive signal for investor sentiment. L3Harris Rated Overweight by JP Morgan
Positive Sentiment: L3Harris’s price target was raised to $295, indicating analysts see additional upside from recent trading levels. L3Harris Technologies Price Target Raised to $295
Positive Sentiment: Recent quarterly results showed revenue growth of 7.1%, earnings above consensus and raised 2026 guidance, reinforcing the case for an operational rebound after the stock’s prior decline. L3Harris Stock Took a Beating—Is a 20% Rebound Next?
Neutral Sentiment: UBS maintained its Hold rating, providing a more cautious counterpoint to the bullish J.P. Morgan view. UBS Maintains Hold Rating for L3Harris Technologies

About L3Harris Technologies

(Free Report)

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.