Textron Inc. (NYSE:TXT) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its stake in Textron Inc. (NYSE:TXT) by 31.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 550 shares of the aerospace company’s stock after selling 250 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Textron were worth $49,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Textron by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 407,233 shares of the aerospace company’s stock worth $32,750,000 after acquiring an additional 15,162 shares during the period. Nomura Holdings Inc. acquired a new position in Textron in the 4th quarter valued at about $317,000. GAMMA Investing LLC grew its stake in shares of Textron by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the aerospace company’s stock valued at $130,000 after buying an additional 254 shares during the period. Mather Group LLC. acquired a new stake in shares of Textron during the 1st quarter worth approximately $84,000. Finally, Czech National Bank raised its position in shares of Textron by 0.5% during the 1st quarter. Czech National Bank now owns 34,487 shares of the aerospace company’s stock valued at $3,308,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.3 %

Shares of NYSE:TXT opened at $90.05 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $87.80 and a 200-day simple moving average of $88.39. The company has a market capitalization of $17.17 billion, a PE ratio of 19.24, a P/E/G ratio of 1.43 and a beta of 1.23. Textron Inc. has a twelve month low of $74.13 and a twelve month high of $97.33.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.06. Textron had a net margin of 6.67% and a return on equity of 16.41%. The company had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Textron’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that Textron Inc. will post 6.15 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 13th. Textron’s dividend payout ratio (DPR) is 1.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TXT shares. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group increased their target price on Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, July 19th. Bank of America lifted their target price on Textron from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen cut shares of Textron from a “buy” rating to a “hold” rating and reduced their price target for the stock from $103.00 to $95.00 in a research report on Wednesday, September 25th. Finally, Morgan Stanley downgraded shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.75.

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.