Teachers Retirement System of The State of Kentucky Has $3.53 Million Stock Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Teachers Retirement System of The State of Kentucky trimmed its stake in L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 14,193 shares of the company’s stock after selling 617 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in L3Harris Technologies were worth $3,527,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of L3Harris Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 16,969,557 shares of the company’s stock valued at $4,216,426,000 after buying an additional 186,824 shares in the last quarter. Capital World Investors increased its stake in shares of L3Harris Technologies by 1.0% in the first quarter. Capital World Investors now owns 15,022,227 shares of the company’s stock worth $3,732,645,000 after purchasing an additional 150,987 shares in the last quarter. BlackRock Inc. increased its stake in shares of L3Harris Technologies by 1.4% in the first quarter. BlackRock Inc. now owns 12,454,934 shares of the company’s stock worth $3,094,678,000 after purchasing an additional 174,922 shares in the last quarter. State Street Corp increased its stake in shares of L3Harris Technologies by 8.1% in the first quarter. State Street Corp now owns 8,886,247 shares of the company’s stock worth $2,207,966,000 after purchasing an additional 668,800 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in L3Harris Technologies by 39.9% during the first quarter. Bank of America Corp DE now owns 8,046,413 shares of the company’s stock valued at $1,999,292,000 after acquiring an additional 2,293,072 shares in the last quarter. 83.00% of the stock is owned by institutional investors.

Insider Transactions at L3Harris Technologies

In other news, VP James P. Girard sold 7,500 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $240.00, for a total transaction of $1,800,000.00. Following the sale, the vice president now owns 12,143 shares in the company, valued at $2,914,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Scott T. Mikuen sold 8,518 shares of L3Harris Technologies stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $237.95, for a total transaction of $2,026,858.10. Following the completion of the sale, the senior vice president now owns 44,735 shares of the company’s stock, valued at $10,644,693.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James P. Girard sold 7,500 shares of L3Harris Technologies stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $240.00, for a total value of $1,800,000.00. Following the sale, the vice president now directly owns 12,143 shares of the company’s stock, valued at approximately $2,914,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,518 shares of company stock worth $5,626,858. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada began coverage on shares of L3Harris Technologies in a research report on Monday, August 29th. They set an “outperform” rating and a $285.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.91.

L3Harris Technologies Trading Up 0.7 %

LHX stock opened at $230.01 on Monday. The firm has a fifty day moving average price of $232.02 and a 200 day moving average price of $239.86. L3Harris Technologies, Inc. has a fifty-two week low of $200.71 and a fifty-two week high of $279.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.27. The firm has a market cap of $44.01 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 5.15 and a beta of 0.68.

L3Harris Technologies (NYSE:LHXGet Rating) last released its earnings results on Thursday, July 28th. The company reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.07. L3Harris Technologies had a return on equity of 13.09% and a net margin of 11.36%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period last year, the company earned $3.26 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate that L3Harris Technologies, Inc. will post 13.45 earnings per share for the current fiscal year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $1.12 dividend. The ex-dividend date was Thursday, September 1st. This represents a $4.48 annualized dividend and a yield of 1.95%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 46.14%.

L3Harris Technologies Company Profile

(Get Rating)

L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

Featured Articles

Want to see what other hedge funds are holding LHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for L3Harris Technologies, Inc. (NYSE:LHXGet Rating).

Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

Receive News & Ratings for L3Harris Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L3Harris Technologies and related companies with MarketBeat.com's FREE daily email newsletter.