Textron Inc. (NYSE:TXT) Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 146.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,702 shares of the aerospace company's stock after purchasing an additional 8,742 shares during the period. Machina Capital S.A.S.'s holdings in Textron were worth $1,062,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Textron by 50.2% in the 4th quarter. Wellington Management Group LLP now owns 603,171 shares of the aerospace company's stock valued at $46,137,000 after acquiring an additional 201,696 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Textron by 31.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,424 shares of the aerospace company's stock valued at $2,776,000 after acquiring an additional 9,082 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Textron by 8.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 302,603 shares of the aerospace company's stock valued at $22,916,000 after acquiring an additional 24,053 shares during the period. Graham Capital Management L.P. raised its stake in shares of Textron by 166.8% in the 4th quarter. Graham Capital Management L.P. now owns 67,000 shares of the aerospace company's stock valued at $5,125,000 after acquiring an additional 41,888 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Textron by 12.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 89,780 shares of the aerospace company's stock valued at $6,867,000 after acquiring an additional 9,807 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a "buy" rating and issued a $95.00 price objective (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th. Citigroup dropped their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group lifted their price objective on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. The Goldman Sachs Group restated a "neutral" rating and issued a $85.00 price objective (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Finally, Wall Street Zen upgraded shares of Textron from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Textron has a consensus rating of "Moderate Buy" and an average target price of $89.75.

Textron Stock Down 1.8%

Shares of Textron stock traded down $1.48 during trading hours on Friday, hitting $79.45. The company had a trading volume of 4,296,444 shares, compared to its average volume of 1,556,525. The company has a market cap of $14.34 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.17. The company's 50-day moving average is $78.99 and its two-hundred day moving average is $74.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.68 and a quick ratio of 0.83. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $93.98.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. Textron's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 EPS. Analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

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.