Dakota Wealth Management Acquires Shares of 3,549 Textron Inc. (NYSE:TXT)

Dakota Wealth Management purchased a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,549 shares of the aerospace company's stock, valued at approximately $256,000.

A number of other large investors have also bought and sold shares of TXT. Optiver Holding B.V. purchased a new stake in shares of Textron in the 4th quarter worth approximately $56,000. MassMutual Private Wealth & Trust FSB grew its position in Textron by 123.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock worth $61,000 after acquiring an additional 465 shares in the last quarter. Parallel Advisors LLC lifted its stake in Textron by 22.9% in the first quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company's stock worth $81,000 after purchasing an additional 208 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Textron in the first quarter worth approximately $92,000. Finally, Transce3nd LLC bought a new position in Textron in the fourth quarter worth approximately $108,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Performance

Shares of TXT opened at $85.38 on Friday. The firm has a market cap of $15.41 billion, a PE ratio of 19.36, a P/E/G ratio of 1.37 and a beta of 1.17. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $77.99 and a 200-day moving average price of $74.38. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $94.57.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.26 billion. Textron had a net margin of 5.98% and a return on equity of 14.77%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Equities research analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron's dividend payout ratio (DPR) is 1.81%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TXT. Wall Street Zen raised shares of Textron from a "buy" rating to a "strong-buy" rating in a research note on Sunday, July 13th. Citigroup cut their price target on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley raised their price objective on shares of Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $85.00 target price (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Finally, UBS Group raised their price objective on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.33.

Textron Company 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.

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