L3Harris Technologies Attracts New Investor Amid Strong Earnings

SFE Investment Counsel has acquired a new stake in L3Harris Technologies Inc. (NYSE:LHX) worth approximately $6.91 million, according to its latest filing with the Securities and Exchange Commission.

The investment firm purchased 23,782 shares of the company's stock during the second quarter.

This is not an isolated instance; other institutional investors and hedge funds have also modified their holdings in L3Harris Technologies. For example, Allstate Corp has increased its stake by 106.7% during the fourth quarter, while Swiss National Bank grew its holding by 7.1%.

L3Harris Technologies reported a quarterly earnings per share of $3.13, beating the consensus estimate of $2.80. The company's revenue for the quarter was $5.88 billion, an 8.4% increase from the same period last year.