150,647 Shares in Textron Inc. (NYSE:TXT) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Textron Inc. (NYSE:TXT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,647 shares of the aerospace company’s stock, valued at approximately $11,523,000. Textron comprises approximately 0.5% of International Assets Investment Management LLC’s portfolio, making the stock its 26th biggest position. International Assets Investment Management LLC owned approximately 0.08% of Textron as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TXT. Dimensional Fund Advisors LP lifted its holdings in Textron by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,808,600 shares of the aerospace company’s stock valued at $241,152,000 after purchasing an additional 160,923 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock valued at $133,096,000 after purchasing an additional 258,778 shares during the period. AQR Capital Management LLC lifted its stake in shares of Textron by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company’s stock valued at $124,608,000 after buying an additional 231,173 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Textron by 3.9% in the 2nd quarter. Hsbc Holdings PLC now owns 626,323 shares of the aerospace company’s stock worth $53,830,000 after buying an additional 23,404 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Textron by 13.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 495,411 shares of the aerospace company’s stock valued at $43,884,000 after buying an additional 57,967 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Textron Stock Down 0.7 %

NYSE TXT traded down $0.55 during mid-day trading on Wednesday, reaching $75.05. The stock had a trading volume of 81,781 shares, compared to its average volume of 1,100,211. The company has a fifty day moving average price of $81.73 and a 200 day moving average price of $85.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. Textron Inc. has a 1 year low of $74.89 and a 1 year high of $97.33. The stock has a market cap of $13.92 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27.

Textron (NYSE:TXT) last issued its earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. Textron’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. On average, research analysts expect that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Textron’s dividend payout ratio is presently 1.76%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TXT. UBS Group cut their price target on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a report on Friday, October 25th. Barclays decreased their price target on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. JPMorgan Chase & Co. lowered their target price on shares of Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Vertical Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and an average price target of $98.64.

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.