Asset Management One Co. Ltd. Buys 7,249 Shares of Textron Inc. (NYSE:TXT)

Asset Management One Co. Ltd. grew its stake in shares of Textron Inc. (NYSE:TXTFree Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,463 shares of the aerospace company’s stock after purchasing an additional 7,249 shares during the period. Asset Management One Co. Ltd.’s holdings in Textron were worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Textron during the 4th quarter worth approximately $31,000. Optiver Holding B.V. acquired a new position in shares of Textron during the fourth quarter worth approximately $56,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Textron by 123.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 465 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Textron by 22.9% in the 1st quarter. Parallel Advisors LLC now owns 1,115 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 208 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Textron in the 1st quarter valued at $92,000. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE:TXT opened at $80.34 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $74.05 and a 200-day moving average price of $73.86. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $94.57.

Textron (NYSE:TXTGet Free Report) last announced its earnings results on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.77% and a net margin of 5.98%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th 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 0.10%. The ex-dividend date of this dividend is Friday, June 13th. Textron’s dividend payout ratio (DPR) is presently 1.81%.

Analyst Ratings Changes

A number of research firms recently weighed in on TXT. Jefferies Financial Group restated a “buy” rating and issued a $95.00 target price (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th. Citigroup lowered their price objective on Textron from $111.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. UBS Group raised their target price on Textron from $62.00 to $63.00 and gave the company a “sell” rating in a report on Monday, April 28th. Finally, Morgan Stanley decreased their price target on Textron from $82.00 to $71.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. One equities research 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. According to MarketBeat, Textron currently has an average rating of “Moderate Buy” and a consensus price target of $88.36.

Check Out Our Latest Research Report on TXT

Textron Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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