L3Harris Technologies stock is trading -13.11% below its average target price of $239.14 after marking a 2.4% during today's afternoon session. Analysts are giving the large-cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $162.0 to $338.0 per share.
L3Harris Technologies's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 1.63. The company's insiders own 0.47% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 84.6%. In conclusion, we believe there is mixed market sentiment regarding L3Harris Technologies.
Institutions Invested in L3Harris Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 10% | 18,031,526 | $3,746,951,157 |
| 2023-09-30 | Vanguard Group Inc | 9% | 17,493,741 | $3,635,199,433 |
| 2023-09-30 | Capital World Investors | 7% | 12,747,766 | $2,648,985,813 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 5% | 9,544,914 | $1,983,433,158 |
| 2023-09-30 | State Street Corporation | 5% | 9,199,667 | $1,911,690,830 |
| 2023-09-30 | Wells Fargo & Company | 3% | 5,045,838 | $1,048,525,151 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 3,770,337 | $783,476,040 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 3,278,355 | $681,242,179 |
| 2023-09-30 | Capital Research Global Investors | 2% | 3,109,817 | $646,219,982 |
| 2023-09-30 | Morgan Stanley | 1% | 2,507,948 | $521,151,602 |
