Textron Inc. (NYSE:TXT) Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 50.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 603,171 shares of the aerospace company's stock after buying an additional 201,696 shares during the period. Wellington Management Group LLP owned 0.33% of Textron worth $46,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Textron during the fourth quarter valued at approximately $31,000. Optiver Holding B.V. purchased a new position in shares of Textron during the fourth quarter valued at approximately $56,000. Golden State Wealth Management LLC purchased a new position in shares of Textron during the fourth quarter valued at approximately $63,000. McClarren Financial Advisors Inc. purchased a new position in shares of Textron during the fourth quarter valued at approximately $68,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Textron by 33.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 964 shares of the aerospace company's stock valued at $74,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 86.03% of the company's stock.

Analysts Set New Price Targets

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

Textron Trading Down 0.8%

Shares of Textron stock traded down $0.57 during trading hours on Monday, hitting $73.46. The company's stock had a trading volume of 541,582 shares, compared to its average volume of 1,218,361. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $94.57. The business has a fifty day moving average of $70.10 and a 200 day moving average of $74.76. The company has a market capitalization of $13.26 billion, a PE ratio of 17.05, a P/E/G ratio of 1.18 and a beta of 1.20. 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 (NYSE:TXT - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.26 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, equities analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend 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.