Natixis Advisors LLC Has $16.64 Million Stock Holdings in Textron Inc. (NYSE:TXT)

Natixis Advisors LLC lessened its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 217,548 shares of the aerospace company's stock after selling 32,468 shares during the period. Natixis Advisors LLC owned about 0.12% of Textron worth $16,640,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Textron during the fourth quarter worth $41,451,000. Brandes Investment Partners LP increased its stake in Textron by 19.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock worth $142,249,000 after purchasing an additional 302,712 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Textron during the 4th quarter worth about $11,523,000. Wealthfront Advisers LLC lifted its stake in Textron by 384.7% during the fourth quarter. Wealthfront Advisers LLC now owns 175,347 shares of the aerospace company's stock valued at $13,412,000 after buying an additional 139,173 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Textron by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,428,377 shares of the aerospace company's stock worth $109,257,000 after buying an additional 104,982 shares during the period. 86.03% of the stock is owned by institutional investors.

Textron Stock Down 0.6 %

TXT stock traded down $0.42 during mid-day trading on Friday, hitting $73.07. The stock had a trading volume of 3,154,087 shares, compared to its average volume of 1,098,550. Textron Inc. has a 1-year low of $70.14 and a 1-year high of $97.34. The company has a fifty day moving average of $74.88 and a 200 day moving average of $80.71. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.18 and a beta of 1.27.

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Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, equities analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

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 paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron's payout ratio is presently 1.86%.

Insider Buying and Selling

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 transaction, the vice president now directly owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TXT has been the topic of a number of recent analyst reports. Vertical Research upgraded shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price target on the stock in a report on Monday, January 6th. TD Cowen upgraded shares of Textron to a "hold" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Morgan Stanley lowered their price target on Textron from $86.00 to $82.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Finally, Citigroup dropped their price target on Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Textron has an average rating of "Moderate Buy" and a consensus price target of $93.45.

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.