B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 51,792 Textron Inc. (NYSE:TXT)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,792 shares of the aerospace company's stock, valued at approximately $4,588,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Textron in the 2nd quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Textron during the second quarter valued at $30,000. Oakworth Capital Inc. bought a new position in shares of Textron in the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new position in shares of Textron in the 2nd quarter valued at about $40,000. Finally, Capital Performance Advisors LLP acquired a new position in Textron in the third quarter valued at approximately $42,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Textron from $109.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. TD Cowen cut Textron from a "buy" rating to a "hold" rating and decreased their target price for the stock from $103.00 to $95.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price objective 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. Bank of America raised their price objective on Textron from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of Textron from a "strong-buy" rating to a "buy" rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.56.

Textron Price Performance

Shares of TXT traded up $0.58 during mid-day trading on Wednesday, hitting $81.86. 1,201,218 shares of the company traded hands, compared to its average volume of 1,089,269. The business has a 50-day moving average of $86.13 and a 200 day moving average of $87.25. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.53 and a beta of 1.24. Textron Inc. has a one year low of $74.13 and a one year high of $97.33. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly 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). Textron had a return on equity of 16.02% and a net margin of 6.30%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm earned $1.49 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Friday, December 13th. Textron's payout ratio is 1.76%.

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.