Centiva Capital LP Increases Position in Textron Inc. (NYSE:TXT)

Centiva Capital LP grew its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 140.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,493 shares of the aerospace company's stock after acquiring an additional 13,740 shares during the period. Centiva Capital LP's holdings in Textron were worth $1,797,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Textron by 17.8% in the fourth quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock worth $591,523,000 after buying an additional 1,167,105 shares in the last quarter. Boston Partners raised its holdings in shares of Textron by 4.7% in the 4th quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock valued at $572,465,000 after acquiring an additional 333,127 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Textron by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company's stock valued at $350,619,000 after acquiring an additional 164,964 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of Textron by 19.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock worth $142,249,000 after purchasing an additional 302,712 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Textron by 9.4% in the fourth quarter. Northern Trust Corp now owns 1,803,778 shares of the aerospace company's stock valued at $137,971,000 after purchasing an additional 155,384 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Textron Trading Up 0.2 %

TXT traded up $0.14 during trading on Friday, hitting $72.36. 1,146,176 shares of the stock traded hands, compared to its average volume of 1,192,436. The firm has a market capitalization of $13.06 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $94.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The firm has a 50-day moving average of $69.78 and a 200 day moving average of $75.82.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.20 EPS. Textron's revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Friday, June 13th. Textron's payout ratio is currently 1.81%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Bank of America cut Textron from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $85.00 in a report on Friday, January 24th. Robert W. Baird decreased their price objective on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen raised Textron to a "hold" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.70.

Insiders Place Their Bets

In related news, VP Mark S. Bamford sold 5,451 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares in the company, valued at $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company's stock.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.