36,385 Shares in Textron Inc. (NYSE:TXT) Acquired by AGF Management Ltd.

AGF Management Ltd. purchased a new stake in Textron Inc. (NYSE:TXT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 36,385 shares of the aerospace company's stock, valued at approximately $2,926,000.

A number of other large investors also recently modified their holdings of TXT. Lindbrook Capital LLC boosted its stake in Textron by 18.6% during the fourth quarter. Lindbrook Capital LLC now owns 777 shares of the aerospace company's stock worth $62,000 after buying an additional 122 shares in the last quarter. Allworth Financial LP raised its position in shares of Textron by 12.0% in the 4th quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company's stock valued at $103,000 after acquiring an additional 137 shares during the period. Quent Capital LLC raised its stake in Textron by 29.2% during the 4th quarter. Quent Capital LLC now owns 633 shares of the aerospace company's stock worth $51,000 after buying an additional 143 shares during the period. Greenleaf Trust lifted its holdings in shares of Textron by 4.0% during the 3rd quarter. Greenleaf Trust now owns 4,401 shares of the aerospace company's stock valued at $344,000 after purchasing an additional 171 shares in the last quarter. Finally, Prosperity Financial Group Inc. increased its position in shares of Textron by 5.4% during the third quarter. Prosperity Financial Group Inc. now owns 3,497 shares of the aerospace company's stock worth $273,000 after acquiring an additional 179 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 0.2 %

NYSE TXT traded up $0.20 during trading hours on Tuesday, reaching $88.08. The company's stock had a trading volume of 730,532 shares, compared to its average volume of 1,205,935. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84. Textron Inc. has a 52 week low of $61.27 and a 52 week high of $97.33. The stock has a market cap of $16.80 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.40 and a beta of 1.32. The firm has a fifty day simple moving average of $92.03 and a 200-day simple moving average of $84.67.

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 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 firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Textron Inc. will post 6.27 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a dividend of $0.02 per share. 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 dividend payout ratio is presently 1.71%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Susquehanna cut their price objective on shares of Textron from $110.00 to $105.00 and set a "positive" rating on the stock in a research report on Friday, April 26th. StockNews.com lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 26th. Bank of America raised shares of Textron from a "neutral" rating to a "buy" rating and raised their target price for the company from $85.00 to $105.00 in a report on Friday, March 8th. The Goldman Sachs Group increased their price target on shares of Textron from $103.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, UBS Group upped their target price on Textron from $77.00 to $81.00 and gave the stock a "sell" rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Textron currently has a consensus 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.