39,803 Shares in Textron Inc. (NYSE:TXT) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in Textron Inc. (NYSE:TXT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,803 shares of the aerospace company’s stock, valued at approximately $3,045,000.

Several other hedge funds also recently made changes to their positions in TXT. Pflug Koory LLC lifted its stake in Textron by 0.9% in the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after buying an additional 125 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Textron by 5.7% in the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock valued at $200,000 after acquiring an additional 141 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in Textron by 5.8% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock valued at $228,000 after purchasing an additional 163 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Textron by 4.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 169 shares during the period. Finally, Uncommon Cents Investing LLC grew its position in Textron by 2.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 7,985 shares of the aerospace company’s stock worth $611,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TXT shares. Citigroup decreased their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Bank of America lowered shares of Textron from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $85.00 in a research report on Friday, January 24th. Barclays cut their price objective on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Finally, Vertical Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

Textron Price Performance

Shares of NYSE TXT opened at $75.14 on Thursday. Textron Inc. has a 52 week low of $70.14 and a 52 week high of $97.34. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.18 and a beta of 1.27. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $74.69 and its 200 day moving average price is $80.39.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 EPS. As a group, research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron’s payout ratio is 1.86%.

Insiders Place Their Bets

In related news, VP Mark S. Bamford sold 5,451 shares of the company’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 transaction, the vice president now owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This represents a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

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.