UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Textron Inc. (NYSE:TXT - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 786,278 shares of the aerospace company's stock after selling 31,298 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.42% of Textron worth $60,142,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Pflug Koory LLC raised its stake in shares of Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company's stock worth $1,054,000 after purchasing an additional 125 shares during the period. V Square Quantitative Management LLC increased its holdings 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 last quarter. Syon Capital LLC increased its holdings 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 last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Textron by 5.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock worth $228,000 after acquiring an additional 163 shares during the period. Finally, Motley Fool Asset Management LLC boosted its stake in Textron by 6.3% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on TXT. UBS Group raised their price objective on shares of Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. Morgan Stanley reduced their price target on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Citigroup cut 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, TD Cowen upgraded shares of Textron to a "hold" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $87.70.
Check Out Our Latest Stock Report on Textron
Textron Trading Down 1.1%
TXT stock traded down $0.85 during trading on Friday, reaching $73.15. 304,527 shares of the stock were exchanged, compared to its average volume of 1,215,539. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.18 and a beta of 1.20. The business has a 50 day moving average price of $70.11 and a 200-day moving average price of $75.02. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $94.57.
Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.
Textron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Friday, June 13th. Textron's dividend payout ratio (DPR) is currently 1.81%.
About Textron
(
Free Report)
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.
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