Guggenheim Capital LLC Has $2.95 Million Stock Holdings in Textron Inc. (NYSE:TXT)

Guggenheim Capital LLC lifted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,569 shares of the aerospace company's stock after acquiring an additional 4,858 shares during the period. Guggenheim Capital LLC's holdings in Textron were worth $2,950,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TXT. Invesco Ltd. boosted its stake in Textron by 17.8% in the fourth quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock valued at $591,523,000 after acquiring an additional 1,167,105 shares during the period. Boston Partners raised its position in shares of Textron by 4.7% during the 4th quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock worth $572,465,000 after purchasing an additional 333,127 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Textron by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company's stock worth $350,619,000 after purchasing an additional 164,964 shares during the last quarter. Brandes Investment Partners LP boosted its position in Textron by 19.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock valued at $142,249,000 after purchasing an additional 302,712 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Textron by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,678,854 shares of the aerospace company's stock worth $128,416,000 after buying an additional 7,610 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Insider Activity at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of the business's stock in a transaction dated Monday, February 24th. The stock was 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. The trade was a 23.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Textron Trading Up 1.0 %

TXT stock traded up $0.65 during midday trading on Wednesday, reaching $66.10. The stock had a trading volume of 2,115,166 shares, compared to its average volume of 1,200,130. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.18 and a beta of 1.06. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $95.86. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $70.51 and a two-hundred day simple moving average of $77.42.

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

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Textron's dividend payout ratio (DPR) is presently 1.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Citigroup decreased their price target on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. TD Cowen upgraded shares of Textron to a "hold" rating in a research note on Monday, February 24th. Susquehanna decreased their price objective on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird cut their price objective on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $89.30.

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.