Swiss National Bank Has $112.70 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Swiss National Bank lessened its position in L3Harris Technologies, Inc. (NYSE:LHX) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 535,929 shares of the company’s stock after selling 26,700 shares during the quarter. Swiss National Bank’s holdings in L3Harris Technologies were worth $112,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LHX. Sigma Planning Corp raised its position in L3Harris Technologies by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 2,613 shares of the company’s stock valued at $622,000 after buying an additional 49 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in L3Harris Technologies by 132.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,715 shares of the company’s stock valued at $1,122,000 after purchasing an additional 2,683 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in L3Harris Technologies by 18.0% in the third quarter. Aptus Capital Advisors LLC now owns 2,657 shares of the company’s stock valued at $632,000 after purchasing an additional 405 shares in the last quarter. KBC Group NV grew its stake in L3Harris Technologies by 3.5% in the third quarter. KBC Group NV now owns 17,305 shares of the company’s stock valued at $4,116,000 after purchasing an additional 585 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its stake in L3Harris Technologies by 21.7% in the third quarter. Zions Bancorporation N.A. now owns 2,152 shares of the company’s stock valued at $512,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Stock Performance

Shares of NYSE LHX opened at $211.42 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.90. The stock’s fifty day moving average price is $209.26 and its two-hundred day moving average price is $227.04. L3Harris Technologies, Inc. has a one year low of $193.09 and a one year high of $265.74. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.42 and a beta of 0.74.

L3Harris Technologies (NYSE:LHX) last issued its quarterly earnings data on Thursday, January 30th. The company reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.04. L3Harris Technologies had a return on equity of 13.11% and a net margin of 7.04%. On average, equities analysts forecast that L3Harris Technologies, Inc. will post 11.12 EPS for the current year.

L3Harris Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.20 per share. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.16. This represents a $4.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, March 10th. L3Harris Technologies’s dividend payout ratio is 60.99%.

Insider Transactions at L3Harris Technologies

In other news, insider Jon Rambeau sold 3,178 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $226.00, for a total transaction of $718,228.00. Following the sale, the insider now directly owns 2,797 shares of the company’s stock, valued at approximately $632,122. This represents a 53.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Zoiss sold 1,783 shares of the 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 sale, the insider now directly owns 30,620 shares in the company, valued at approximately $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. In the last three months, insiders have sold 9,862 shares of company stock valued at $2,155,054. 0.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America decreased their price target on L3Harris Technologies from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on L3Harris Technologies from $260.00 to $250.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Raymond James downgraded L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $240.00 target price on shares of L3Harris Technologies in a report on Friday, January 31st. Finally, UBS Group boosted their target price on L3Harris Technologies from $228.00 to $237.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

About L3Harris Technologies

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.