Toronto Dominion Bank Boosts Position in Textron Inc. (NYSE:TXT)

Toronto Dominion Bank increased its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,507 shares of the aerospace company's stock after purchasing an additional 6,509 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Textron worth $7,611,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in Textron by 5.7% during the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company's stock worth $200,000 after buying an additional 141 shares during the period. Syon Capital LLC increased its position in Textron by 4.5% during the fourth quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock worth $271,000 after buying an additional 153 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in Textron by 5.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock worth $228,000 after buying an additional 163 shares during the period. Motley Fool Asset Management LLC increased its position in Textron by 6.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock worth $209,000 after buying an additional 163 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Textron by 4.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company's stock worth $327,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Price Performance

Shares of Textron stock traded up $0.07 during trading on Friday, reaching $74.07. The company's stock had a trading volume of 1,570,626 shares, compared to its average volume of 1,220,946. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $94.57. The company has a market capitalization of $13.37 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The business has a 50 day moving average price of $70.10 and a 200-day moving average price of $74.93.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

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

Analyst Ratings Changes

TXT has been the topic of several research analyst reports. TD Cowen raised Textron to a "hold" rating in a research report on Monday, February 24th. UBS Group lifted their price target on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a research report on Monday, April 28th. Citigroup cut their price target on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley dropped their target price 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.70.

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.