Integrated Advisors Network LLC Buys 5,791 Shares of Textron Inc. (NYSE:TXT)

Integrated Advisors Network LLC increased its stake in Textron Inc. (NYSE:TXT - Free Report) by 107.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,199 shares of the aerospace company's stock after buying an additional 5,791 shares during the period. Integrated Advisors Network LLC's holdings in Textron were worth $857,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Textron during the fourth quarter worth about $31,000. Optiver Holding B.V. purchased a new position in Textron during the fourth quarter valued at $56,000. Golden State Wealth Management LLC purchased a new position in shares of Textron in the fourth quarter valued at approximately $63,000. McClarren Financial Advisors Inc. purchased a new position in Textron in the 4th quarter valued at $68,000. Finally, Geneos Wealth Management Inc. lifted its position in Textron by 33.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 964 shares of the aerospace company's stock worth $74,000 after buying an additional 239 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

Shares of NYSE:TXT traded up $0.07 during trading hours on Friday, hitting $74.07. 1,570,626 shares of the company's stock traded hands, compared to its average volume of 1,220,946. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $94.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The company's fifty day simple moving average is $70.10 and its two-hundred day simple moving average is $74.84.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $1.20 EPS. As a group, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. UBS Group raised their price objective on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. Citigroup lowered their price target on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley lowered their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $87.70.

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.