Strs Ohio Trims Stock Position in Textron Inc. (NYSE:TXT)

Strs Ohio decreased its holdings in Textron Inc. (NYSE:TXT) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,704 shares of the aerospace company’s stock after selling 1,123 shares during the quarter. Strs Ohio’s holdings in Textron were worth $2,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Metis Global Partners LLC grew its holdings in Textron by 12.8% in the third quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock valued at $796,000 after purchasing an additional 1,158 shares during the period. LSV Asset Management grew its stake in shares of Textron by 7.6% during the 3rd quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock valued at $255,656,000 after buying an additional 230,560 shares during the period. Deutsche Bank AG increased its holdings in shares of Textron by 36.9% during the 3rd quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after buying an additional 146,055 shares during the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Textron by 13.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock worth $7,943,000 after buying an additional 11,510 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Textron by 269.1% in the 4th quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock worth $1,680,000 after buying an additional 15,235 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Up 0.8 %

Shares of NYSE:TXT opened at $93.30 on Friday. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. The company has a 50 day moving average of $91.65 and a two-hundred day moving average of $83.38. Textron Inc. has a 52-week low of $61.27 and a 52-week high of $97.33. The company has a quick ratio of 1.03, a current ratio of 1.92 and a debt-to-equity ratio of 0.50.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.97 billion. Textron had a net margin of 6.73% and a return on equity of 16.05%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. As a group, analysts forecast that Textron Inc. will post 6.27 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.75%.

Wall Street Analyst Weigh In

TXT has been the subject of several research analyst reports. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. The Goldman Sachs Group increased their target price on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group lifted their price target on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, January 26th. Citigroup increased their price objective 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, StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. One investment 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 company’s stock. According to data from MarketBeat, Textron presently has an average rating of “Moderate Buy” and a consensus target price of $93.63.

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.