Machina Capital S.A.S. Has $456,000 Position in Textron Inc. (NYSE:TXT)

Machina Capital S.A.S. grew its holdings in shares of Textron Inc. (NYSE:TXT) by 32.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,960 shares of the aerospace company’s stock after acquiring an additional 1,457 shares during the quarter. Machina Capital S.A.S.’s holdings in Textron were worth $456,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Empirical Finance LLC grew its holdings in Textron by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock worth $624,000 after acquiring an additional 115 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Textron by 4.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after purchasing an additional 125 shares in the last quarter. Pflug Koory LLC boosted its position in shares of Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock worth $1,054,000 after purchasing an additional 125 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Textron by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock worth $200,000 after purchasing an additional 141 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Textron by 5.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 163 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 2.9 %

Shares of TXT stock opened at $75.50 on Friday. The company has a 50 day moving average of $75.33 and a 200-day moving average of $81.78. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. Textron Inc. has a 12-month low of $70.14 and a 12-month high of $97.33. The firm has a market cap of $13.71 billion, a P/E ratio of 17.52, a PEG ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the business posted $1.60 EPS. Textron’s quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron’s dividend payout ratio is currently 1.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on TXT. Citigroup dropped their price target on shares of Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. TD Cowen raised shares of Textron to a “hold” rating in a research report on Monday, February 24th. Barclays dropped their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Susquehanna dropped their price target on shares of Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and an average target price of $93.45.

Insider Transactions at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now directly owns 18,223 shares of the company’s stock, valued at $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by 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.