Duality Advisers LP purchased a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,136 shares of the aerospace company's stock, valued at approximately $2,745,000.
Other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC increased its position in shares of Textron by 12.8% during the third quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company's stock valued at $796,000 after acquiring an additional 1,158 shares during the last quarter. LSV Asset Management increased its position in shares of Textron by 7.6% during the third quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company's stock valued at $255,656,000 after acquiring an additional 230,560 shares during the last quarter. Deutsche Bank AG increased its position in shares of Textron by 36.9% during the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company's stock valued at $42,367,000 after acquiring an additional 146,055 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of Textron by 13.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company's stock valued at $7,943,000 after acquiring an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Textron by 269.1% during the fourth quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company's stock valued at $1,680,000 after acquiring an additional 15,235 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Textron from a "buy" rating to a "strong-buy" rating in a report on Thursday, January 25th. Bank of America upgraded shares of Textron from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $105.00 in a report on Friday, March 8th. Citigroup lifted their price objective on shares of Textron from $104.00 to $111.00 and gave the company a "buy" rating in a report on Thursday, April 4th. UBS Group lifted their price objective on shares of Textron from $77.00 to $81.00 and gave the company a "sell" rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Textron from $103.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Textron currently has a consensus rating of "Moderate Buy" and an average target price of $93.63.
Get Our Latest Report on Textron
Textron Stock Up 0.5 %
NYSE TXT traded up $0.47 on Monday, hitting $93.77. 1,025,535 shares of the stock were exchanged, compared to its average volume of 1,149,565. The company has a quick ratio of 1.03, a current ratio of 1.92 and a debt-to-equity ratio of 0.50. Textron Inc. has a fifty-two week low of $61.27 and a fifty-two week high of $97.33. The company has a market cap of $18.04 billion, a PE ratio of 20.52, a PEG ratio of 1.47 and a beta of 1.30. The company has a 50-day moving average price of $91.77 and a 200-day moving average price of $83.61.
Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.07. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.97 billion. Textron had a net margin of 6.73% and a return on equity of 16.05%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.27 EPS for the current fiscal year.
Textron Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron's dividend payout ratio is presently 1.75%.
Textron Profile
(
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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