Natixis Advisors LLC Sells 32,468 Shares of Textron Inc. (NYSE:TXT)

Natixis Advisors LLC lessened its holdings in Textron Inc. (NYSE:TXT) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,548 shares of the aerospace company’s stock after selling 32,468 shares during the quarter. Natixis Advisors LLC owned 0.12% of Textron worth $16,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TXT. True Wealth Design LLC bought a new position in shares of Textron during the 3rd quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Textron during the 4th quarter worth $31,000. Eastern Bank bought a new position in shares of Textron during the 4th quarter worth $42,000. Truvestments Capital LLC bought a new position in shares of Textron during the 3rd quarter worth $43,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Textron during the 4th quarter worth $63,000. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TXT shares. Citigroup cut their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, January 6th. Morgan Stanley cut their target price on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. TD Cowen upgraded Textron to a “hold” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Stock Performance

NYSE:TXT opened at $74.17 on Wednesday. The business’s 50-day moving average price is $75.02 and its two-hundred day moving average price is $80.93. Textron Inc. has a twelve month low of $70.14 and a twelve month high of $97.34. The stock has a market cap of $13.47 billion, a P/E ratio of 17.21, a PEG ratio of 1.18 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

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

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend on an annualized basis and a dividend yield of 0.11%. Textron’s dividend payout ratio is 1.86%.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the firm’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 transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by insiders.

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.