Axa S.A. Has $6.23 Million Stock Position in Textron Inc. (NYSE:TXT)

AXA S.A. boosted its stake in Textron Inc. (NYSE:TXT - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,482 shares of the aerospace company's stock after buying an additional 26,716 shares during the quarter. AXA S.A.'s holdings in Textron were worth $6,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TXT. Caisse DE Depot ET Placement DU Quebec bought a new stake in Textron during the fourth quarter worth approximately $3,121,000. Northern Trust Corp raised its holdings in Textron by 9.4% in the 4th quarter. Northern Trust Corp now owns 1,803,778 shares of the aerospace company's stock valued at $137,971,000 after acquiring an additional 155,384 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Textron during the fourth quarter worth $56,000. Two Sigma Securities LLC raised its position in Textron by 1,050.3% in the fourth quarter. Two Sigma Securities LLC now owns 8,553 shares of the aerospace company's stock worth $654,000 after purchasing an additional 9,453 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Textron by 11.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 9,863 shares of the aerospace company's stock worth $754,000 after buying an additional 991 shares during the period. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of the sale, the vice president now owns 18,223 shares of the company's stock, valued at $1,324,447.64. This trade represents a 23.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company's stock.

Textron Trading Up 3.9%

Shares of Textron stock traded up $2.81 during trading on Monday, reaching $75.22. 265,490 shares of the company were exchanged, compared to its average volume of 1,189,011. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.18 and a beta of 1.20. The business has a 50-day moving average price of $69.78 and a 200-day moving average price of $75.78.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 EPS 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 business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the business posted $1.20 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Friday, June 13th. Textron's payout ratio is presently 1.81%.

Analyst Ratings Changes

TXT has been the subject of several analyst reports. UBS Group lifted their price target on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. Citigroup cut their target price on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. TD Cowen upgraded Textron to a "hold" rating in a research report on Monday, February 24th. Finally, Robert W. Baird decreased their target price on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.70.

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.