4,274 Shares in Textron Inc. (NYSE:TXT) Acquired by Talbot Financial LLC

Talbot Financial LLC acquired a new position in shares of Textron Inc. (NYSE:TXT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,274 shares of the aerospace company’s stock, valued at approximately $327,000.

Several other hedge funds have also modified their holdings of TXT. Fiduciary Alliance LLC purchased a new stake in Textron during the 4th quarter valued at $479,000. Czech National Bank boosted its holdings in Textron by 5.4% in the fourth quarter. Czech National Bank now owns 40,223 shares of the aerospace company’s stock worth $3,077,000 after acquiring an additional 2,056 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Textron by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,147 shares of the aerospace company’s stock worth $2,000,000 after purchasing an additional 1,527 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Textron during the fourth quarter valued at approximately $11,523,000. Finally, Central Pacific Bank Trust Division raised its position in Textron by 4.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 24,200 shares of the aerospace company’s stock valued at $1,851,000 after acquiring an additional 1,000 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TXT has been the subject of several recent research reports. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, January 6th. UBS Group lowered their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research note on Friday, October 25th. TD Cowen raised Textron to a “hold” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. decreased their price target on Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Robert W. Baird decreased their price target on Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and a consensus price target of $98.64.

Textron Trading Up 1.1 %

Shares of TXT stock traded up $0.86 on Monday, hitting $76.51. The stock had a trading volume of 465,563 shares, compared to its average volume of 1,175,854. The company’s 50 day moving average price is $81.41 and its 200-day moving average price is $85.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. Textron Inc. has a 1 year low of $74.89 and a 1 year high of $97.33. The firm has a market capitalization of $14.19 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.46 and a beta of 1.27.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company earned $1.49 EPS. Textron’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were given a dividend of $0.02 per share. The ex-dividend date was Friday, December 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. Textron’s dividend payout ratio is currently 1.76%.

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.