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

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TXT. Wellington Management Group LLP raised its stake in Textron by 3.9% during the 4th quarter. Wellington Management Group LLP now owns 407,233 shares of the aerospace company’s stock valued at $32,750,000 after acquiring an additional 15,162 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Textron during the fourth quarter worth approximately $317,000. GAMMA Investing LLC lifted its holdings in shares of Textron by 23.1% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 254 shares during the period. Mather Group LLC. purchased a new position in Textron in the 1st quarter valued at $84,000. Finally, Czech National Bank increased its stake in Textron by 0.5% in 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 %

Textron stock opened at $90.05 on Friday. Textron Inc. has a fifty-two week low of $74.13 and a fifty-two week high of $97.33. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The stock’s fifty day moving average is $87.80 and its two-hundred day moving average is $88.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.79.

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

Textron Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on TXT. Morgan Stanley cut shares of 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. JPMorgan Chase & Co. lowered their price objective on Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. TD Cowen downgraded Textron from a “buy” rating to a “hold” rating and cut their target price for the stock from $103.00 to $95.00 in a research note on Wednesday, September 25th. Bank of America lifted their price target on Textron from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Citigroup increased their price objective on Textron from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.