Todd Asset Management LLC Buys Shares of 233,175 Textron Inc. (NYSE:TXT)

Todd Asset Management LLC bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 233,175 shares of the aerospace company's stock, valued at approximately $18,752,000. Todd Asset Management LLC owned approximately 0.12% of Textron as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXT. CVA Family Office LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in shares of Textron during the third quarter valued at approximately $37,000. Morton Brown Family Wealth LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $40,000. Provence Wealth Management Group bought a new stake in shares of Textron during the third quarter valued at approximately $39,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Textron by 677.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 544 shares of the aerospace company's stock worth $44,000 after buying an additional 474 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Price Performance

Shares of TXT stock traded up $0.22 during trading hours on Friday, hitting $85.59. 1,388,861 shares of the company's stock were exchanged, compared to its average volume of 1,389,966. The company has a market capitalization of $16.32 billion, a PE ratio of 18.28, a PEG ratio of 1.35 and a beta of 1.32. Textron Inc. has a 12-month low of $61.27 and a 12-month high of $97.33. The business's 50 day simple moving average is $92.10 and its 200-day simple moving average is $84.09. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $3.29 billion. During the same period last year, the business posted $1.05 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, June 14th. Textron's payout ratio is 1.71%.

Wall Street Analyst Weigh In

TXT has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Textron from $103.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. UBS Group raised their price objective on shares of Textron from $77.00 to $81.00 and gave the company a "sell" rating in a research report on Friday, January 26th. StockNews.com lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 26th. Susquehanna dropped their target price on shares of Textron from $110.00 to $105.00 and set a "positive" rating for the company in a research report on Friday, April 26th. Finally, Bank of America upgraded shares of Textron from a "neutral" rating to a "buy" rating and lifted their target price for the company from $85.00 to $105.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Textron currently has an average rating of "Moderate Buy" and an average target price of $95.63.

Textron 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.