Textron Inc. (NYSE:TXT) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 856,380 shares of the aerospace company's stock after purchasing an additional 107,633 shares during the period. Hsbc Holdings PLC owned 0.46% of Textron worth $65,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXT. Stifel Financial Corp increased its position in shares of Textron by 18.4% during the 4th quarter. Stifel Financial Corp now owns 176,210 shares of the aerospace company's stock valued at $13,478,000 after purchasing an additional 27,434 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Textron by 234.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,933 shares of the aerospace company's stock valued at $836,000 after acquiring an additional 7,660 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Textron in the fourth quarter valued at $108,000. MML Investors Services LLC lifted its holdings in shares of Textron by 2.9% in the 4th quarter. MML Investors Services LLC now owns 27,263 shares of the aerospace company's stock worth $2,085,000 after acquiring an additional 758 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Textron by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 49,122 shares of the aerospace company's stock worth $3,757,000 after purchasing an additional 416 shares during the period. 86.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TXT shares. TD Cowen raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. Susquehanna decreased their price target on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Vertical Research raised Textron from a "hold" rating to a "buy" rating and set a $91.00 price objective on the stock in a research report on Monday, January 6th. Robert W. Baird decreased their target price on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Finally, Citigroup lowered their target price on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Textron presently has an average rating of "Hold" and a consensus price target of $87.70.

Textron Stock Performance

TXT traded up $1.05 during trading on Monday, hitting $69.47. The stock had a trading volume of 1,610,734 shares, compared to its average volume of 1,184,462. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $94.57. The firm has a market capitalization of $12.62 billion, a P/E ratio of 16.12, a PEG ratio of 1.18 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The company's 50-day moving average price is $70.22 and its 200 day moving average price is $76.97.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. Textron had a net margin of 6.01% and a return on equity of 14.92%. The firm had revenue of $3.31 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the prior year, the company posted $1.20 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Friday, June 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Friday, June 13th. Textron's payout ratio is 1.81%.

Insider Buying and Selling at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company's stock, valued at $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate 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.