Natixis Advisors L.P. Increases Position in Textron Inc. (NYSE:TXT)

Natixis Advisors L.P. boosted its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 80.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 183,995 shares of the aerospace company's stock after purchasing an additional 82,311 shares during the period. Natixis Advisors L.P. owned about 0.09% of Textron worth $14,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TXT. Cambridge Investment Research Advisors Inc. lifted its position in Textron by 2.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,606 shares of the aerospace company's stock valued at $1,219,000 after purchasing an additional 331 shares in the last quarter. Raymond James & Associates lifted its position in shares of Textron by 15.2% in the third quarter. Raymond James & Associates now owns 197,994 shares of the aerospace company's stock valued at $15,471,000 after acquiring an additional 26,085 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Textron by 13.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,355 shares of the aerospace company's stock valued at $2,294,000 after acquiring an additional 3,503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Textron by 5.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,631 shares of the aerospace company's stock valued at $2,003,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Advisor Partners II LLC lifted its position in shares of Textron by 11.8% in the third quarter. Advisor Partners II LLC now owns 14,676 shares of the aerospace company's stock valued at $1,147,000 after acquiring an additional 1,551 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TXT shares. Citigroup boosted their price objective on Textron from $104.00 to $111.00 and gave the company a "buy" rating in a research report on Thursday, April 4th. StockNews.com cut Textron from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 26th. Bank of America raised Textron from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. Susquehanna reduced their price target on Textron from $110.00 to $105.00 and set a "positive" rating on the stock in a report on Friday, April 26th. Finally, UBS Group increased their price objective on Textron from $77.00 to $81.00 and gave the stock a "sell" rating in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.63.

Textron Stock Up 0.7 %

Shares of Textron stock traded up $0.61 during trading on Tuesday, reaching $87.51. The company's stock had a trading volume of 923,160 shares, compared to its average volume of 1,220,068. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.35 and a beta of 1.32. Textron Inc. has a 1-year low of $61.27 and a 1-year high of $97.33. The company has a 50-day simple moving average of $92.10 and a two-hundred day simple moving average of $84.22.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The aerospace company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.08). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.29 billion. Textron had a return on equity of 16.30% and a net margin of 6.75%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. As a group, equities analysts forecast 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. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron's dividend payout ratio (DPR) is 1.71%.

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.