Do Analysts Recommend LHX at $207.8?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.