Radnor Capital Management LLC Makes New $1.30 Million Investment in Textron Inc. (NYSE:TXT)

Radnor Capital Management LLC acquired a new stake in Textron Inc. (NYSE:TXT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,695 shares of the aerospace company's stock, valued at approximately $1,302,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Textron in the 2nd quarter valued at about $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Textron in the second quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new stake in Textron in the second quarter worth $31,000. Family Firm Inc. bought a new position in shares of Textron during the second quarter worth $40,000. Finally, Truvestments Capital LLC acquired a new position in shares of Textron in the 1st quarter valued at $48,000. 86.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TXT. Robert W. Baird lowered their price target on Textron from $109.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, October 25th. StockNews.com downgraded shares of Textron from a "strong-buy" rating to a "buy" rating in a report on Thursday, September 12th. UBS Group reduced their price target on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a report on Friday, October 25th. Bank of America raised their price objective on shares of Textron from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Textron from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.56.

Textron Stock Down 0.1 %

Shares of NYSE TXT traded down $0.05 during trading hours on Thursday, hitting $87.86. The company had a trading volume of 1,229,562 shares, compared to its average volume of 1,083,755. The firm's 50 day moving average is $86.67 and its 200-day moving average is $87.43. Textron Inc. has a 1-year low of $74.13 and a 1-year high of $97.33. The stock has a market capitalization of $16.30 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.09). The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. Textron's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. On average, analysts expect that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, December 13th. Textron's payout ratio is 1.76%.

Textron 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.