Applied Finance Capital Management LLC Invests $354,000 in Textron Inc. (NYSE:TXT)

Applied Finance Capital Management LLC purchased a new stake in Textron Inc. (NYSE:TXT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,626 shares of the aerospace company’s stock, valued at approximately $354,000.

A number of other large investors have also added to or reduced their stakes in TXT. Pflug Koory LLC lifted its position in shares of Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after acquiring an additional 125 shares during the period. V Square Quantitative Management LLC raised its stake in Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock valued at $200,000 after purchasing an additional 141 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Textron by 5.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 163 shares during the period. Motley Fool Asset Management LLC grew its stake in Textron by 6.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company’s stock worth $209,000 after buying an additional 163 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Textron by 4.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock valued at $327,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

NYSE:TXT opened at $60.79 on Wednesday. The stock’s 50-day moving average is $72.51 and its 200-day moving average is $78.99. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $97.32. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The stock has a market cap of $11.04 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06.

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

Textron Announces Dividend

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

Insiders Place Their Bets

In other news, VP Mark S. Bamford sold 5,451 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at $1,324,447.64. This trade represents a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Susquehanna cut their target price on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Bank of America lowered Textron from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $85.00 in a research note on Friday, January 24th. Morgan Stanley dropped their price objective on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.45.

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.