Inceptionr LLC Invests $1.78 Million in Textron Inc. (NYSE:TXT)

Inceptionr LLC bought a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 23,325 shares of the aerospace company's stock, valued at approximately $1,784,000.

A number of other hedge funds have also recently bought and sold shares of TXT. Charles Schwab Investment Management Inc. increased its position in shares of Textron by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,854 shares of the aerospace company's stock valued at $128,416,000 after purchasing an additional 7,610 shares during the period. Bank of New York Mellon Corp increased its holdings in Textron by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,428,377 shares of the aerospace company's stock valued at $109,257,000 after buying an additional 104,982 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Textron in the 4th quarter valued at $41,451,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Textron by 3.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 511,770 shares of the aerospace company's stock worth $39,145,000 after acquiring an additional 16,359 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Textron by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 475,420 shares of the aerospace company's stock valued at $36,365,000 after acquiring an additional 4,381 shares during the period. 86.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now directly owns 18,223 shares in the company, valued at approximately $1,324,447.64. This represents a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

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Analyst Upgrades and Downgrades

TXT has been the subject of a number of analyst reports. Robert W. Baird cut their price target on shares of Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Morgan Stanley cut their price objective on Textron from $86.00 to $82.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. TD Cowen raised shares of Textron to a "hold" rating in a report on Monday, February 24th. Finally, Vertical Research raised shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price target for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $93.45.

Textron Price Performance

Shares of TXT stock traded up $0.06 during trading hours on Monday, reaching $75.48. 1,452,954 shares of the company were exchanged, compared to its average volume of 1,082,222. Textron Inc. has a fifty-two week low of $70.14 and a fifty-two week high of $97.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The stock's fifty day moving average is $75.33 and its two-hundred day moving average is $81.73. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.18 and a beta of 1.27.

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

Textron Dividend Announcement

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

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.