Textron Inc. (NYSE:TXT) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its position in shares of Textron Inc. (NYSE:TXT) by 1.5% in the first quarter, Holdings Channel.com reports. The firm owned 14,695 shares of the aerospace company’s stock after acquiring an additional 220 shares during the period. Radnor Capital Management LLC’s holdings in Textron were worth $1,410,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TXT. PNC Financial Services Group Inc. raised its holdings in Textron by 0.5% in the third quarter. PNC Financial Services Group Inc. now owns 43,572 shares of the aerospace company’s stock valued at $3,405,000 after acquiring an additional 205 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Textron during the third quarter valued at $257,000. V Square Quantitative Management LLC acquired a new stake in shares of Textron during the third quarter worth $200,000. Hsbc Holdings PLC lifted its position in shares of Textron by 253.5% in the 3rd quarter. Hsbc Holdings PLC now owns 316,846 shares of the aerospace company’s stock worth $24,785,000 after buying an additional 227,220 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Textron by 0.6% in the 3rd quarter. LPL Financial LLC now owns 58,725 shares of the aerospace company’s stock valued at $4,589,000 after buying an additional 328 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TXT has been the topic of several recent research reports. Citigroup raised their price target on Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Bank of America raised Textron from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $105.00 in a report on Friday, March 8th. Finally, Susquehanna decreased their price objective on Textron from $110.00 to $105.00 and set a “positive” rating for the company in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.29.

Insider Activity

In other Textron news, Director Kathleen M. Bader sold 11,870 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $87.91, for a total transaction of $1,043,491.70. Following the completion of the sale, the director now directly owns 3,756 shares of the company’s stock, valued at $330,189.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Textron Price Performance

Shares of Textron stock traded up $0.48 on Friday, hitting $86.74. The company had a trading volume of 2,674,117 shares, compared to its average volume of 814,286. Textron Inc. has a 52 week low of $64.42 and a 52 week high of $97.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84. The company has a market cap of $16.54 billion, a PE ratio of 18.53, a PEG ratio of 1.37 and a beta of 1.28. The business has a 50-day simple moving average of $87.93 and a 200-day simple moving average of $86.68.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a net margin of 6.75% and a return on equity of 16.30%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts expect that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, June 14th. Textron’s dividend payout ratio is 1.71%.

About Textron

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.