World Investment Advisors Purchases 1,006 Shares of Textron Inc. (NYSE:TXT)

World Investment Advisors boosted its position in shares of Textron Inc. (NYSE:TXT) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,387 shares of the aerospace company’s stock after acquiring an additional 1,006 shares during the quarter. World Investment Advisors’ holdings in Textron were worth $412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Textron by 12.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 89,780 shares of the aerospace company’s stock worth $6,867,000 after acquiring an additional 9,807 shares during the last quarter. Groupama Asset Managment boosted its stake in shares of Textron by 37.0% during the fourth quarter. Groupama Asset Managment now owns 11,469 shares of the aerospace company’s stock valued at $878,000 after purchasing an additional 3,097 shares during the period. Geode Capital Management LLC grew its holdings in shares of Textron by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company’s stock worth $350,619,000 after purchasing an additional 164,964 shares during the last quarter. National Bank of Canada FI increased its stake in Textron by 43.8% in the 4th quarter. National Bank of Canada FI now owns 208,741 shares of the aerospace company’s stock worth $15,967,000 after buying an additional 63,567 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in Textron by 2.4% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 53,038 shares of the aerospace company’s stock valued at $4,057,000 after buying an additional 1,246 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

Shares of NYSE TXT opened at $61.04 on Tuesday. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $97.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The company has a market cap of $11.09 billion, a PE ratio of 14.16, a P/E/G ratio of 1.18 and a beta of 1.06. The business has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $79.30.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. Textron’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. As a group, equities analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. Textron’s dividend payout ratio (DPR) is 1.86%.

Insiders Place Their Bets

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the firm’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 transaction of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on TXT shares. TD Cowen upgraded shares of Textron to a “hold” rating in a research note on Monday, February 24th. Morgan Stanley lowered their target price on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird decreased their price objective on Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.45.

Textron 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.