Textron Inc. (NYSE:TXT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Textron Inc. (NYSE:TXT) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,268 shares of the aerospace company’s stock after buying an additional 332 shares during the period. Asset Management One Co. Ltd.’s holdings in Textron were worth $7,110,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TXT. Innealta Capital LLC acquired a new position in shares of Textron during the second quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Textron during the second quarter valued at $30,000. Oakworth Capital Inc. acquired a new position in shares of Textron during the second quarter valued at $31,000. Family Firm Inc. acquired a new position in shares of Textron during the second quarter valued at $40,000. Finally, Truvestments Capital LLC acquired a new position in shares of Textron during the first quarter valued at $48,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Down 0.1 %

NYSE:TXT opened at $87.86 on Friday. Textron Inc. has a 1-year low of $74.13 and a 1-year high of $97.33. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $86.63 and a 200 day simple moving average of $87.43.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, December 13th. Textron’s dividend payout ratio (DPR) is presently 1.76%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TXT shares. Citigroup raised their target price on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. UBS Group decreased their target price on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Morgan Stanley cut Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price for the company. in a research note on Thursday, August 8th. Robert W. Baird decreased their target price on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Bank of America raised their target price on Textron from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.56.

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.