Textron Inc. (NYSE:TXT – Get Free Report) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.02 per share by the aerospace company on Tuesday, April 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Friday, March 14th.
Textron has a dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Textron to earn $6.68 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 1.2%.
Textron Trading Up 0.2 %
TXT opened at $73.19 on Friday. Textron has a 12-month low of $71.67 and a 12-month high of $97.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The stock has a market capitalization of $13.36 billion, a PE ratio of 16.98, a P/E/G ratio of 1.18 and a beta of 1.27. The firm’s fifty day moving average price is $75.77 and its 200 day moving average price is $82.39.
Insider Buying and Selling at Textron
In related news, VP Mark S. Bamford sold 5,451 shares of the business’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 value of $396,178.68. Following the sale, the vice president now directly owns 18,223 shares in the company, valued at $1,324,447.64. The trade was a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Robert W. Baird dropped their price target on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Citigroup cut their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley lowered their price objective on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Susquehanna reduced their price target on shares of Textron from $100.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.45.
Check Out Our Latest Report on Textron
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.
Featured Articles
- Five stocks we like better than Textron
- What is a Bond Market Holiday? How to Invest and Trade
- Lowe’s Stock Eyes New Highs as Growth, Dividends Drive Gains
- What Are Trending Stocks? Trending Stocks Explained
- 3 Stocks Using Bitcoin to Grow Their Treasury Reserves
- What Do S&P 500 Stocks Tell Investors About the Market?
- March’s Hottest Stocks: 5 Buys to Consider Now
Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter.