Clifford Swan Investment Counsel LLC Takes $207,000 Position in L3 Technologies (LLL)

Clifford Swan Investment Counsel LLC acquired a new position in shares of L3 Technologies (NYSE:LLL) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 997 shares of the aerospace company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of L3 Technologies by 26.4% during the first quarter. Parallel Advisors LLC now owns 1,366 shares of the aerospace company’s stock worth $284,000 after purchasing an additional 285 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of L3 Technologies by 4.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,519 shares of the aerospace company’s stock worth $1,488,000 after purchasing an additional 300 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of L3 Technologies by 6.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,353 shares of the aerospace company’s stock worth $1,059,000 after purchasing an additional 324 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of L3 Technologies by 5.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,943 shares of the aerospace company’s stock worth $1,374,000 after purchasing an additional 331 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of L3 Technologies by 5.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,038 shares of the aerospace company’s stock worth $1,392,000 after purchasing an additional 339 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

L3 Technologies opened at $193.95 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.49 and a current ratio of 1.92. L3 Technologies has a one year low of $192.68 and a one year high of $193.62. The stock has a market capitalization of $15.07 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22.

L3 Technologies (NYSE:LLL) last announced its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $2.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.33. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. L3 Technologies had a return on equity of 13.74% and a net margin of 6.94%. L3 Technologies’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. equities research analysts predict that L3 Technologies will post 9.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 18th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.65%. The ex-dividend date is Thursday, May 17th. L3 Technologies’s dividend payout ratio is currently 37.78%.

Several research analysts recently commented on the company. Zacks Investment Research cut L3 Technologies from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine upgraded L3 Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. SunTrust Banks boosted their price target on L3 Technologies to $253.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Barclays assumed coverage on L3 Technologies in a research note on Thursday, March 29th. They issued an “overweight” rating and a $274.00 price target on the stock. Finally, Cowen reiterated a “buy” rating and issued a $225.00 price target on shares of L3 Technologies in a research note on Friday, January 26th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $223.00.

In related news, Director Thomas A. Corcoran sold 1,546 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $207.40, for a total value of $320,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael T. Strianese sold 39,515 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.72, for a total value of $8,445,145.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,498 shares of company stock valued at $98,313,891. 2.90% of the stock is owned by corporate insiders.

About L3 Technologies

L3 Technologies, Inc provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.

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Institutional Ownership by Quarter for L3 Technologies (NYSE:LLL)

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