Public Employees Retirement System of Ohio trimmed its holdings in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,756 shares of the company’s stock after selling 3,360 shares during the period. Public Employees Retirement System of Ohio’s holdings in L3Harris Technologies were worth $24,629,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of LHX. REAP Financial Group LLC boosted its stake in shares of L3Harris Technologies by 12.9% during the 4th quarter. REAP Financial Group LLC now owns 254 shares of the company’s stock worth $74,000 after acquiring an additional 29 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of L3Harris Technologies by 5.8% during the fourth quarter. CYBER HORNET ETFs LLC now owns 547 shares of the company’s stock worth $161,000 after purchasing an additional 30 shares during the period. Keudell Morrison Wealth Management lifted its holdings in shares of L3Harris Technologies by 0.7% during the first quarter. Keudell Morrison Wealth Management now owns 4,631 shares of the company’s stock valued at $1,598,000 after purchasing an additional 31 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of L3Harris Technologies by 25.2% in the 4th quarter. Prestige Wealth Management Group LLC now owns 159 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares during the period. Finally, Beacon Investment Advisors LLC boosted its position in shares of L3Harris Technologies by 0.4% in the 4th quarter. Beacon Investment Advisors LLC now owns 7,854 shares of the company’s stock valued at $2,306,000 after purchasing an additional 34 shares during the period. Institutional investors own 84.76% of the company’s stock.
L3Harris Technologies Stock Performance
Shares of LHX opened at $263.31 on Friday. The company has a market capitalization of $49.03 billion, a PE ratio of 26.60, a PEG ratio of 1.14 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The company’s 50 day moving average price is $285.55 and its 200 day moving average price is $317.80. L3Harris Technologies Inc has a 52 week low of $258.54 and a 52 week high of $379.23.
L3Harris Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.
Analysts Set New Price Targets
LHX has been the topic of several recent analyst reports. BNP Paribas Exane cut their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. UBS Group reduced their price target on shares of L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group cut L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. Finally, Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $360.45.
Get Our Latest Report on L3Harris Technologies
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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