Machina Capital S.A.S. Has $456,000 Holdings in Textron Inc. (NYSE:TXT)

Machina Capital S.A.S. increased its holdings in shares of Textron Inc. (NYSE:TXT) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,960 shares of the aerospace company’s stock after buying an additional 1,457 shares during the quarter. Machina Capital S.A.S.’s holdings in Textron were worth $456,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in Textron during the 3rd quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Textron in the 4th quarter valued at about $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Textron in the 3rd quarter valued at about $42,000. Truvestments Capital LLC acquired a new stake in shares of Textron in the 3rd quarter valued at about $43,000. Finally, Eastern Bank acquired a new stake in shares of Textron in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TXT. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Monday, January 6th. Robert W. Baird dropped their price target on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley dropped their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. TD Cowen raised Textron to a “hold” rating in a research note on Monday, February 24th. Finally, Susquehanna dropped their price target on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the sale, the vice president now directly owns 18,223 shares in the company, valued at $1,324,447.64. This represents a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by company insiders.

Textron Trading Up 2.9 %

Textron stock opened at $75.50 on Friday. The stock has a 50-day simple moving average of $75.33 and a 200 day simple moving average of $81.78. The stock has a market capitalization of $13.71 billion, a P/E ratio of 17.52, a PEG ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. Textron Inc. has a 52 week low of $70.14 and a 52 week high of $97.33.

Textron (NYSE:TXT) last announced its quarterly 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 the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.60 earnings per share. Analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron’s dividend payout ratio (DPR) is presently 1.86%.

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.