Boston Trust Walden Corp Has $658,000 Holdings in L3Harris Technologies, Inc. (NYSE:LHX)

Boston Trust Walden Corp trimmed its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHX) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,129 shares of the company’s stock after selling 166 shares during the period. Boston Trust Walden Corp’s holdings in L3Harris Technologies were worth $658,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LHX. Park Avenue Securities LLC increased its position in L3Harris Technologies by 3.3% in the 3rd quarter. Park Avenue Securities LLC now owns 5,526 shares of the company’s stock valued at $1,314,000 after acquiring an additional 176 shares in the last quarter. Czech National Bank increased its holdings in shares of L3Harris Technologies by 6.9% in the third quarter. Czech National Bank now owns 38,644 shares of the company’s stock valued at $9,192,000 after purchasing an additional 2,499 shares in the last quarter. GAMMA Investing LLC raised its position in L3Harris Technologies by 51.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $525,000 after purchasing an additional 746 shares during the last quarter. Mather Group LLC. raised its position in L3Harris Technologies by 29.9% in the 3rd quarter. Mather Group LLC. now owns 755 shares of the company’s stock worth $180,000 after purchasing an additional 174 shares during the last quarter. Finally, Atwood & Palmer Inc. lifted its holdings in L3Harris Technologies by 6.4% during the 3rd quarter. Atwood & Palmer Inc. now owns 60,616 shares of the company’s stock worth $14,419,000 after buying an additional 3,640 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Buying and Selling at L3Harris Technologies

In related news, insider Ross Niebergall sold 1,764 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $223.62, for a total transaction of $394,465.68. Following the sale, the insider now directly owns 8,576 shares in the company, valued at $1,917,765.12. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 4,901 shares of company stock valued at $1,059,757. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LHX. Argus upgraded L3Harris Technologies from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Tuesday, November 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $240.00 price objective on shares of L3Harris Technologies in a report on Friday, January 31st. Truist Financial reduced their target price on shares of L3Harris Technologies from $283.00 to $274.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Susquehanna dropped their price target on shares of L3Harris Technologies from $300.00 to $258.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Raymond James cut shares of L3Harris Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, L3Harris Technologies has an average rating of “Moderate Buy” and an average target price of $263.07.

L3Harris Technologies Stock Performance

Shares of L3Harris Technologies stock opened at $210.85 on Wednesday. L3Harris Technologies, Inc. has a 12 month low of $200.18 and a 12 month high of $265.74. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $39.99 billion, a PE ratio of 26.79, a PEG ratio of 1.74 and a beta of 0.76. The stock’s fifty day simple moving average is $219.96 and its 200 day simple moving average is $232.00.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Thursday, January 30th. The company reported $3.47 EPS for the quarter, topping 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, research analysts predict that L3Harris Technologies, Inc. will post 13.8 EPS for the current year.

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.