Textron Inc. (NYSE:TXT) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC increased its stake in shares of Textron Inc. (NYSE:TXT) by 92.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,810 shares of the aerospace company’s stock after purchasing an additional 3,275 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Textron were worth $548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Textron by 0.5% in the second quarter. State Street Corp now owns 8,933,601 shares of the aerospace company’s stock valued at $604,357,000 after acquiring an additional 42,749 shares during the period. Metis Global Partners LLC lifted its holdings in Textron by 12.8% in the third quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock valued at $796,000 after acquiring an additional 1,158 shares during the period. LSV Asset Management lifted its holdings in Textron by 7.6% in the third quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock valued at $255,656,000 after acquiring an additional 230,560 shares during the period. Deutsche Bank AG lifted its holdings in Textron by 36.9% in the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock valued at $42,367,000 after acquiring an additional 146,055 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of Textron by 13.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock worth $7,943,000 after buying an additional 11,510 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Down 0.3 %

Textron stock traded down $0.32 during midday trading on Thursday, hitting $95.93. 1,437,349 shares of the company were exchanged, compared to its average volume of 1,178,032. The company’s fifty day moving average price is $88.14 and its 200-day moving average price is $81.35. The company has a market cap of $18.46 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03. Textron Inc. has a fifty-two week low of $61.27 and a fifty-two week high of $96.80.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. Textron had a return on equity of 16.05% and a net margin of 6.73%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the company posted $1.07 EPS. Textron’s quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date is Thursday, March 14th. Textron’s payout ratio is 1.75%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Textron in a research note on Tuesday, January 2nd. Citigroup lifted their price target on Textron from $102.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. UBS Group lifted their price target on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lifted their price objective on Textron from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. Finally, Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

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.