L3Harris Technologies Inc $LHX Stock: Sowell Financial Services LLC Decreases Stake

Posted by Brian Himes on Oct 27th, 2026

Sowell Financial Services LLC lessened its holdings in shares of L3Harris Technologies Inc (NYSE:LHX – Free Report) by 63.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,374 shares of the company’s stock after selling 2,412 shares during the quarter. Sowell Financial Services LLC’s holdings in L3Harris Technologies were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of L3Harris Technologies in the 2nd quarter worth $5,525,806,000. State Street Corp raised its holdings in L3Harris Technologies by 2.9% in the 2nd quarter. State Street Corp now owns 9,097,353 shares of the company’s stock worth $2,643,600,000 after purchasing an additional 252,662 shares during the period. Wellington Management Group LLP raised its holdings in L3Harris Technologies by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 4,707,086 shares of the company’s stock worth $1,367,832,000 after purchasing an additional 313,431 shares during the period. Bank of New York Mellon Corp purchased a new position in L3Harris Technologies during the second quarter valued at $752,983,000. Finally, Bank of America Corp DE lifted its position in L3Harris Technologies by 1.4% during the second quarter. Bank of America Corp DE now owns 1,945,342 shares of the company’s stock valued at $565,297,000 after purchasing an additional 27,610 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

L3Harris Technologies Trading Up 2.4%

Shares of LHX stock opened at $260.14 on Tuesday. L3Harris Technologies Inc has a 52-week low of $232.34 and a 52-week high of $379.23. 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 firm has a market capitalization of $48.44 billion, a PE ratio of 26.28, a PEG ratio of 1.59 and a beta of 0.50. The stock has a fifty day simple moving average of $251.02 and a two-hundred day simple moving average of $306.52.

L3Harris Technologies (NYSE:LHX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 EPS for the quarter, beating the consensus estimate of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.96% and a net margin of 8.17%. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the business earned $2.78 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts predict that L3Harris Technologies Inc will post 11.89 EPS for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, December 4th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. L3Harris Technologies’s dividend payout ratio (DPR) is currently 50.51%.

Analyst Ratings Changes

LHX has been the subject of several recent research reports. Argus lowered L3Harris Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 25th. Jefferies Financial Group downgraded L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, August 26th. BNP Paribas Exane lowered their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen cut L3Harris Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $341.71.

View Our Latest Stock Report on 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.