Quantbot Technologies LP Buys 103,950 Shares of Textron Inc. (NYSE:TXT)

Quantbot Technologies LP grew its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 414.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,018 shares of the aerospace company's stock after buying an additional 103,950 shares during the quarter. Quantbot Technologies LP owned 0.07% of Textron worth $9,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Merit Financial Group LLC lifted its holdings in shares of Textron by 5.9% during the 4th quarter. Merit Financial Group LLC now owns 4,784 shares of the aerospace company's stock valued at $366,000 after buying an additional 265 shares during the period. Empowered Funds LLC raised its holdings in Textron by 28.6% in the 4th quarter. Empowered Funds LLC now owns 20,132 shares of the aerospace company's stock worth $1,540,000 after purchasing an additional 4,480 shares during the period. Franklin Resources Inc. raised its holdings in Textron by 10.3% in the 3rd quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company's stock worth $14,505,000 after purchasing an additional 15,294 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Textron by 44.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,390 shares of the aerospace company's stock worth $1,343,000 after purchasing an additional 5,367 shares during the period. Finally, Todd Asset Management LLC raised its holdings in Textron by 1.8% in the 4th quarter. Todd Asset Management LLC now owns 470,292 shares of the aerospace company's stock worth $35,973,000 after purchasing an additional 8,198 shares during the period. 86.03% of the stock is owned by institutional investors.

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Textron Price Performance

Shares of Textron stock traded down $0.45 during trading on Tuesday, reaching $74.17. 1,057,977 shares of the stock traded hands, compared to its average volume of 1,080,604. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.18 and a beta of 1.27. Textron Inc. has a 52-week low of $70.14 and a 52-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 business has a fifty day simple moving average of $75.04 and a two-hundred day simple moving average of $81.05.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron's dividend payout ratio (DPR) is presently 1.86%.

Insider Buying and Selling at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of the sale, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TXT shares. Susquehanna decreased their target price on Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their target price on Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Vertical Research raised Textron from a "hold" rating to a "buy" rating and set a $91.00 target price on the stock in a report on Monday, January 6th. Bank of America cut Textron from a "buy" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $85.00 in a report on Friday, January 24th. Finally, Robert W. Baird decreased their price target on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.