Textron Inc. (NYSE:TXT) Stock Position Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 68.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,813 shares of the aerospace company's stock after selling 27,232 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Textron were worth $980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Balyasny Asset Management L.P. grew its position in shares of Textron by 6,785.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,236,441 shares of the aerospace company's stock worth $94,575,000 after acquiring an additional 1,218,485 shares during the last quarter. Invesco Ltd. boosted its stake in Textron by 17.8% during the 4th quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock worth $591,523,000 after purchasing an additional 1,167,105 shares during the period. Raymond James Financial Inc. purchased a new position in Textron during the 4th quarter worth $41,451,000. D. E. Shaw & Co. Inc. increased its stake in Textron by 97.9% in the fourth 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 during the period. Finally, Boston Partners raised its holdings in shares of Textron by 4.7% in the fourth quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock valued at $572,465,000 after buying an additional 333,127 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXT shares. TD Cowen raised Textron to a "hold" rating in a research note on Monday, February 24th. UBS Group lifted their price target on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. Citigroup lowered their target price on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley reduced their price target on Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $87.70.

Textron Stock Down 0.3%

NYSE:TXT traded down $0.25 during mid-day trading on Friday, reaching $73.75. The stock had a trading volume of 127,905 shares, compared to its average volume of 1,214,835. 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 company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $94.57. The stock's 50 day simple moving average is $70.11 and its two-hundred day simple moving average is $75.02.

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 the consensus estimate of $1.17 by $0.11. The company 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 revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 0.11%. The ex-dividend date is Friday, June 13th. 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.