OMERS ADMINISTRATION Corp Has $1.65 Million Stock Holdings in Textron Inc. (NYSE:TXT)

OMERS ADMINISTRATION Corp decreased its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,629 shares of the aerospace company's stock after selling 7,361 shares during the period. OMERS ADMINISTRATION Corp's holdings in Textron were worth $1,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXT. SBI Securities Co. Ltd. bought a new position in Textron during the 4th quarter worth about $31,000. Eastern Bank bought a new position in shares of Textron during the fourth quarter worth about $42,000. Optiver Holding B.V. acquired a new stake in Textron in the 4th quarter valued at approximately $56,000. Golden State Wealth Management LLC bought a new stake in Textron in the 4th quarter valued at approximately $63,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Textron in the 4th quarter valued at approximately $68,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of the transaction, the vice president now owns 18,223 shares in the company, valued at approximately $1,324,447.64. This trade represents a 23.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TXT shares. UBS Group raised their price target on shares of Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a research note on Monday, April 28th. Morgan Stanley decreased their target price 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. Citigroup cut their price target on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. TD Cowen upgraded Textron to a "hold" rating in a report on Monday, February 24th. Finally, Bank of America downgraded Textron from a "buy" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $85.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $87.70.

Textron Price Performance

Shares of NYSE TXT traded down $0.26 during mid-day trading on Monday, hitting $76.42. 788,418 shares of the stock traded hands, compared to its average volume of 1,208,520. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57. The firm has a 50 day simple moving average of $69.99 and a two-hundred day simple moving average of $75.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The company has a market cap of $13.80 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron's payout ratio is 1.81%.

Textron Company 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.