39,803 Shares in Textron Inc. (NYSE:TXT) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new position in shares of Textron Inc. (NYSE:TXT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 39,803 shares of the aerospace company's stock, valued at approximately $3,045,000.

Other hedge funds have also made changes to their positions in the company. NEOS Investment Management LLC raised its stake in Textron by 30.2% in the 4th quarter. NEOS Investment Management LLC now owns 10,717 shares of the aerospace company's stock valued at $820,000 after purchasing an additional 2,487 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Textron by 28.1% in the 4th quarter. UniSuper Management Pty Ltd now owns 26,641 shares of the aerospace company's stock valued at $2,038,000 after buying an additional 5,850 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Textron by 8.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 302,603 shares of the aerospace company's stock worth $22,916,000 after acquiring an additional 24,053 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Textron by 157.9% during the 4th quarter. EntryPoint Capital LLC now owns 7,248 shares of the aerospace company's stock worth $554,000 after purchasing an additional 4,438 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of Textron by 44.7% in the 4th quarter. Mizuho Securities USA LLC now owns 17,582 shares of the aerospace company's stock valued at $1,345,000 after acquiring an additional 5,433 shares during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TXT shares. TD Cowen raised Textron to a "hold" rating in a research note on Monday, February 24th. Robert W. Baird lowered their price target on shares of Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Bank of America cut Textron from a "buy" rating to a "neutral" rating and cut their price target for the company from $110.00 to $85.00 in a research note on Friday, January 24th. Susquehanna dropped their price objective on Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Finally, Morgan Stanley decreased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Textron currently has a consensus rating of "Moderate Buy" and an average target price of $93.45.

Textron Stock Performance

Shares of NYSE:TXT traded down $0.81 on Monday, reaching $72.20. The company's stock had a trading volume of 345,938 shares, compared to its average volume of 1,150,072. 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 52-week low of $70.14 and a 52-week high of $97.34. The stock's 50-day moving average is $74.49 and its two-hundred day moving average is $80.17. The stock has a market capitalization of $13.11 billion, a P/E ratio of 16.74, a PEG ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share. As a group, sell-side analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.02 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron's dividend payout ratio is presently 1.86%.

Insider Buying and Selling at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following 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 Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

About Textron

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.