D. E. Shaw & Co. Inc. Has $1.49 Million Stake in L3Harris Technologies, Inc. (NYSE:LHX)

D. E. Shaw & Co. Inc. grew its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,077 shares of the company's stock after acquiring an additional 1,236 shares during the period. D. E. Shaw & Co. Inc.'s holdings in L3Harris Technologies were worth $1,488,000 as of its most recent SEC filing.

• L3Harris: Positioned for Gains With Trump’s Defense Policies

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BankPlus Wealth Management LLC bought a new stake in L3Harris Technologies in the fourth quarter valued at $409,000. Empowered Funds LLC boosted its holdings in L3Harris Technologies by 24.3% in the fourth quarter. Empowered Funds LLC now owns 19,735 shares of the company's stock worth $4,150,000 after acquiring an additional 3,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in L3Harris Technologies by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,320 shares of the company's stock valued at $3,011,000 after acquiring an additional 4,890 shares during the period. Private Capital Advisors Inc. raised its position in shares of L3Harris Technologies by 82.6% during the fourth quarter. Private Capital Advisors Inc. now owns 7,120 shares of the company's stock worth $1,497,000 after purchasing an additional 3,220 shares during the period. Finally, Novare Capital Management LLC lifted its holdings in shares of L3Harris Technologies by 6.2% in the 4th quarter. Novare Capital Management LLC now owns 45,934 shares of the company's stock worth $9,659,000 after purchasing an additional 2,688 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

Insider Buying and Selling

In other news, insider Jon Rambeau sold 3,178 shares of L3Harris Technologies stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $226.00, for a total transaction of $718,228.00. Following the completion of the transaction, the insider now directly owns 2,797 shares in the company, valued at approximately $632,122. This trade represents a 53.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward J. Zoiss sold 1,783 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $211.48, for a total value of $377,068.84. Following the completion of the sale, the insider now directly owns 30,620 shares in the company, valued at $6,475,517.60. This trade represents a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

• Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance

Several equities research analysts have recently commented on LHX shares. Morgan Stanley decreased their target price on shares of L3Harris Technologies from $260.00 to $250.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Bank of America dropped their target price on L3Harris Technologies from $300.00 to $265.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. UBS Group increased their price objective on shares of L3Harris Technologies from $222.00 to $226.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on L3Harris Technologies from $265.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on L3Harris Technologies from $268.00 to $242.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, L3Harris Technologies has an average rating of "Moderate Buy" and an average target price of $256.56.

Read Our Latest Stock Analysis on L3Harris Technologies

L3Harris Technologies Stock Performance

• 3M Stock: Invest Now for Unmatched Quality and Growth Potential

NYSE:LHX opened at $239.52 on Friday. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 2.42 and a beta of 0.72. The business has a 50 day moving average of $216.48 and a 200 day moving average of $219.16. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. L3Harris Technologies, Inc. has a 1-year low of $193.09 and a 1-year high of $265.74.

L3Harris Technologies (NYSE:LHX - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.09. The company had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.29 billion. L3Harris Technologies had a net margin of 7.04% and a return on equity of 13.11%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 EPS. On average, sell-side analysts predict that L3Harris Technologies, Inc. will post 11.12 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.00%. L3Harris Technologies's dividend payout ratio is presently 56.94%.

L3Harris Technologies Company Profile

L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.

Featured Stories

• Five stocks we like better than L3Harris Technologies
• Why Invest in High-Yield Dividend Stocks?
• Turbulence for Joby Shares: What's Behind the Recent Dip?
• About the Markup Calculator
• Why Carnival Could Be the Ultimate Non-Tech Growth Stock
• Technology Stocks Explained: Here's What to Know About Tech
• Super Micro Computer Stock Clears New Path Higher on Saudi Orders

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in L3Harris Technologies Right Now?

Before you consider L3Harris Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and L3Harris Technologies wasn't on the list.

While L3Harris Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here