L3Harris Technologies, Inc. (NYSE:LHX) Shares Purchased by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. raised its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 22.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,048 shares of the company’s stock after acquiring an additional 192 shares during the quarter. Patrick M Sweeney & Associates Inc.’s holdings in L3Harris Technologies were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of L3Harris Technologies by 72.6% during the second quarter. Public Sector Pension Investment Board now owns 7,208 shares of the company’s stock worth $1,619,000 after purchasing an additional 3,032 shares in the last quarter. AXA S.A. acquired a new position in shares of L3Harris Technologies during the second quarter worth $292,000. Mackenzie Financial Corp raised its holdings in L3Harris Technologies by 2.5% in the second quarter. Mackenzie Financial Corp now owns 17,342 shares of the company’s stock valued at $3,895,000 after acquiring an additional 416 shares in the last quarter. Ascent Group LLC raised its holdings in L3Harris Technologies by 14.9% in the second quarter. Ascent Group LLC now owns 11,199 shares of the company’s stock valued at $2,515,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in L3Harris Technologies in the second quarter valued at $720,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LHX. Argus raised shares of L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Tuesday, November 26th. Sanford C. Bernstein raised shares of L3Harris Technologies from a “market perform” rating to an “outperform” rating and cut their price target for the company from $289.00 to $267.00 in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of L3Harris Technologies from $295.00 to $287.00 and set an “overweight” rating for the company in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their target price on shares of L3Harris Technologies from $240.00 to $265.00 and gave the company a “sector perform” rating in a research note on Monday, October 28th. Finally, Barclays lowered their target price on shares of L3Harris Technologies from $290.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, L3Harris Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $266.19.

Insider Buying and Selling

In related news, insider Ross Niebergall sold 2,988 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $247.93, for a total value of $740,814.84. Following the completion of the sale, the insider now owns 10,340 shares of the company’s stock, valued at $2,563,596.20. This represents a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 7,889 shares of company stock valued at $1,800,572 over the last 90 days. 0.82% of the stock is currently owned by company insiders.

L3Harris Technologies Stock Up 1.7 %

L3Harris Technologies stock opened at $222.31 on Tuesday. The firm has a market capitalization of $42.16 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.75 and a beta of 0.75. The company has a 50-day simple moving average of $223.62 and a 200-day simple moving average of $232.90. L3Harris Technologies, Inc. has a one year low of $200.18 and a one year high of $265.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 1.04.

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.