International Assets Investment Management LLC Buys Shares of 150,647 Textron Inc. (NYSE:TXT)

International Assets Investment Management LLC bought a new position in Textron Inc. (NYSE:TXT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150,647 shares of the aerospace company's stock, valued at approximately $11,523,000. Textron comprises about 0.5% of International Assets Investment Management LLC's investment 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 hedge funds also recently bought and sold shares of TXT. Brandes Investment Partners LP grew its holdings in Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company's stock worth $133,096,000 after purchasing an additional 258,778 shares during the period. AQR Capital Management LLC grew its position in 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 purchasing an additional 231,173 shares during the last quarter. Fidelity National Financial Inc. bought a new stake in Textron during the 2nd quarter valued at about $19,748,000. Distillate Capital Partners LLC raised its holdings in Textron by 101,299.4% in the second quarter. Distillate Capital Partners LLC now owns 166,295 shares of the aerospace company's stock worth $14,278,000 after buying an additional 166,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 160,923 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Trading Up 0.6 %

TXT stock traded up $0.42 during mid-day trading on Wednesday, reaching $76.02. 1,066,558 shares of the stock traded hands, compared to its average volume of 1,307,452. Textron Inc. has a one year low of $74.89 and a one year high of $97.33. The stock has a market capitalization of $14.10 billion, a PE ratio of 16.71, a PEG ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The business has a 50-day moving average price of $81.61 and a two-hundred day moving average price of $85.56.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were paid a $0.02 dividend. 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 payout ratio is 1.76%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TXT. JPMorgan Chase & Co. decreased their target price on shares of Textron from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Barclays reduced their price target on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. StockNews.com lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a research report on Thursday, September 12th. UBS Group lowered their price objective on Textron from $87.00 to $79.00 and set a "sell" rating on the stock in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on Textron from $109.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.