Deutsche Bank AG Has $38.56 Million Stock Position in Textron Inc. (NYSE:TXT)

Deutsche Bank AG boosted its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,702 shares of the aerospace company's stock after purchasing an additional 3,824 shares during the period. Deutsche Bank AG owned 0.30% of Textron worth $38,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXT. Balyasny Asset Management L.P. increased its holdings in Textron by 6,785.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,236,441 shares of the aerospace company's stock valued at $94,575,000 after purchasing an additional 1,218,485 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Textron during the 4th quarter valued at $41,451,000. D. E. Shaw & Co. Inc. increased its holdings in Textron by 97.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,031,144 shares of the aerospace company's stock valued at $78,872,000 after purchasing an additional 510,085 shares in the last quarter. Marshall Wace LLP acquired a new stake in Textron during the 4th quarter valued at $22,370,000. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Textron by 88.9% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 550,976 shares of the aerospace company's stock valued at $42,144,000 after purchasing an additional 259,350 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXT has been the subject of several research reports. Jefferies Financial Group reissued a "buy" rating and issued a $95.00 target price (up from $85.00) on shares of Textron in a research note on Thursday, June 12th. Morgan Stanley lifted their target price on Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. UBS Group raised Textron from a "sell" rating to a "neutral" rating and lifted their target price for the company from $73.00 to $88.00 in a research note on Monday, July 28th. Wall Street Zen cut Textron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $85.00 target price (down from $95.00) on shares of Textron in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Textron has a consensus rating of "Moderate Buy" and a consensus price target of $92.67.

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the sale, the executive vice president directly owned 37,624 shares in the company, valued at $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

Textron Trading Down 1.7%

TXT stock traded down $1.37 during midday trading on Friday, hitting $78.95. 1,352,878 shares of the company's stock were exchanged, compared to its average volume of 1,879,055. The stock's fifty day moving average price is $80.18 and its 200-day moving average price is $74.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84. The company has a market cap of $14.07 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. Textron Inc. has a one year low of $57.70 and a one year high of $91.48.

Textron (NYSE:TXT - Get Free Report) last posted its earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. Research analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 12th. Textron's payout ratio is 1.81%.

About Textron

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.