Lindbrook Capital LLC Buys 122 Shares of Textron Inc. (NYSE:TXT)

Lindbrook Capital LLC increased its stake in Textron Inc. (NYSE:TXT) by 18.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 777 shares of the aerospace company’s stock after purchasing an additional 122 shares during the quarter. Lindbrook Capital LLC’s holdings in Textron were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TXT. Adage Capital Partners GP L.L.C. raised its holdings in Textron by 93.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock worth $115,193,000 after purchasing an additional 713,169 shares during the period. Swiss National Bank bought a new position in Textron in the 3rd quarter worth $50,696,000. JPMorgan Chase & Co. raised its holdings in Textron by 11.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock worth $448,923,000 after purchasing an additional 596,214 shares during the period. International Assets Investment Management LLC bought a new stake in Textron during the fourth quarter valued at about $394,347,000. Finally, Primecap Management Co. CA raised its holdings in Textron by 9.7% during the third quarter. Primecap Management Co. CA now owns 5,394,200 shares of the aerospace company’s stock valued at $421,503,000 after acquiring an additional 477,720 shares during the period. 86.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TXT. StockNews.com raised Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. Citigroup raised their price target on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group raised their price target on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group raised their price target on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a report on Friday, January 26th. Finally, Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $105.00 in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.63.

Textron Price Performance

NYSE:TXT opened at $84.92 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $16.34 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.48 and a beta of 1.30. Textron Inc. has a 12 month low of $61.27 and a 12 month high of $97.33. The business’s 50-day moving average is $92.09 and its 200 day moving average is $83.81.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.07. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. Textron had a return on equity of 16.05% and a net margin of 6.73%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.07 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.27 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid 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 1.75%.

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.