Quantbot Technologies LP Boosts Holdings in Textron Inc. (NYSE:TXT)

Quantbot Technologies LP lifted its stake in shares of Textron Inc. (NYSE:TXT) by 414.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,018 shares of the aerospace company’s stock after buying an additional 103,950 shares during the quarter. Quantbot Technologies LP owned about 0.07% of Textron worth $9,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in shares of Textron during the 3rd quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Textron during the fourth quarter valued at approximately $31,000. Eastern Bank purchased a new stake in Textron in the fourth quarter worth $42,000. Truvestments Capital LLC bought a new position in Textron in the third quarter worth $43,000. Finally, Venturi Wealth Management LLC lifted its position in Textron by 69.5% during the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after buying an additional 232 shares during the period. 86.03% of the stock is owned by institutional investors.

Textron Trading Down 0.9 %

Shares of NYSE:TXT opened at $72.03 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a 1 year low of $70.14 and a 1 year high of $97.34. The company has a market cap of $13.08 billion, a P/E ratio of 16.71, a PEG ratio of 1.18 and a beta of 1.26. The stock’s fifty day moving average price is $75.18 and its 200-day moving average price is $81.46.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the business earned $1.60 EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Sell-side analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on TXT. TD Cowen raised shares of Textron to a “hold” rating in a research report on Monday, February 24th. Susquehanna cut their price objective on shares of Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley lowered their target price on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. 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 report on Thursday, January 23rd. Finally, Citigroup reduced their price objective on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and an average price target of $93.45.

Insider Buying and Selling at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the business’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 sale, the vice president now directly owns 18,223 shares in the company, valued at $1,324,447.64. The trade was a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.

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.