Textron Inc. (NYSE:TXT) Shares Sold by Blue Fin Capital Inc.

Blue Fin Capital Inc. trimmed its holdings in Textron Inc. (NYSE:TXT) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,200 shares of the aerospace company’s stock after selling 353 shares during the period. Blue Fin Capital Inc.’s holdings in Textron were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of TXT. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Textron by 2.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,606 shares of the aerospace company’s stock worth $1,219,000 after buying an additional 331 shares during the last quarter. Raymond James & Associates raised its stake in shares of Textron by 15.2% during the third quarter. Raymond James & Associates now owns 197,994 shares of the aerospace company’s stock worth $15,471,000 after purchasing an additional 26,085 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Textron by 13.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,355 shares of the aerospace company’s stock worth $2,294,000 after purchasing an additional 3,503 shares during the period. Independent Advisor Alliance grew its position in Textron by 13.3% in the 3rd quarter. Independent Advisor Alliance now owns 31,764 shares of the aerospace company’s stock valued at $2,482,000 after buying an additional 3,724 shares during the last quarter. Finally, Genesee Capital Advisors LLC acquired a new position in Textron in the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TXT shares. Susquehanna lowered their target price on shares of Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a report on Friday, April 26th. Bank of America upgraded Textron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. UBS Group upped their price objective on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Finally, The Goldman Sachs Group raised their target price on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.63.

Textron Trading Up 0.3 %

Shares of TXT traded up $0.22 on Friday, hitting $85.59. 1,388,861 shares of the stock traded hands, compared to its average volume of 1,389,966. The firm has a market capitalization of $16.32 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.35 and a beta of 1.32. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. Textron Inc. has a 1 year low of $61.27 and a 1 year high of $97.33. The stock’s 50 day moving average is $92.10 and its two-hundred day moving average is $84.12.

Textron (NYSE:TXT) last released its earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Textron’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors 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 of this dividend is Friday, June 14th. Textron’s dividend payout ratio (DPR) is currently 1.71%.

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.