Jones Financial Companies Lllp Has $41,000 Stake in Textron Inc. (NYSE:TXT)

Jones Financial Companies Lllp grew its position in Textron Inc. (NYSE:TXTFree Report) by 200.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 507 shares of the aerospace company’s stock after purchasing an additional 338 shares during the period. Jones Financial Companies Lllp’s holdings in Textron were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in Textron during the 4th quarter worth approximately $2,648,000. California State Teachers Retirement System grew its position in Textron by 3.4% in the fourth quarter. California State Teachers Retirement System now owns 327,558 shares of the aerospace company’s stock valued at $26,342,000 after purchasing an additional 10,863 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Textron in the fourth quarter valued at $1,187,000. Bank of Nova Scotia increased its stake in Textron by 154.6% in the 4th quarter. Bank of Nova Scotia now owns 47,126 shares of the aerospace company’s stock valued at $3,790,000 after buying an additional 28,619 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its position in Textron by 50,330.8% during the 4th quarter. TFO Wealth Partners LLC now owns 6,556 shares of the aerospace company’s stock worth $527,000 after buying an additional 6,543 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Down 0.9 %

Shares of Textron stock opened at $85.80 on Friday. Textron Inc. has a 1 year low of $63.47 and a 1 year high of $97.33. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.37 and a beta of 1.28. The business has a fifty day simple moving average of $90.00 and a two-hundred day simple moving average of $85.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84.

Textron (NYSE:TXTGet Free Report) last posted its 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 return on equity of 16.30% and a net margin of 6.75%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that Textron Inc. will post 6.27 EPS for the current year.

Textron Announces Dividend

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on Textron

Insider Transactions at Textron

In related news, Director Kathleen M. Bader sold 11,870 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the sale, the director now directly owns 3,756 shares in the company, valued at approximately $330,189.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

About Textron

(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.

See Also

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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