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Textron Inc. (NYSE:TXT) Shares Bought by Stifel Financial Corp

Textron logo with Aerospace background

Stifel Financial Corp lifted its holdings in Textron Inc. (NYSE:TXT - Free Report) by 4.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,776 shares of the aerospace company's stock after purchasing an additional 6,822 shares during the period. Stifel Financial Corp owned approximately 0.08% of Textron worth $13,179,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Textron during the second quarter worth $25,000. True Wealth Design LLC purchased a new position in shares of Textron in the 3rd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Textron during the second quarter worth about $30,000. Oakworth Capital Inc. purchased a new stake in shares of Textron during the second quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in Textron in the second quarter valued at approximately $40,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

TXT stock traded up $0.25 during midday trading on Wednesday, hitting $82.32. 622,975 shares of the stock were exchanged, compared to its average volume of 1,079,282. The stock's 50-day moving average price is $85.26 and its 200-day moving average price is $86.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.49 and a beta of 1.25. Textron Inc. has a fifty-two week low of $76.89 and a fifty-two week high of $97.33.

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

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend is Friday, December 13th. Textron's dividend payout ratio is currently 1.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a report on Thursday, September 12th. JPMorgan Chase & Co. lowered their target price on shares of Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. UBS Group dropped their price target on Textron from $87.00 to $79.00 and set a "sell" rating on the stock in a research report on Friday, October 25th. TD Cowen cut Textron from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $103.00 to $95.00 in a research report on Wednesday, September 25th. Finally, Robert W. Baird dropped their target price on Textron from $109.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Textron presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.56.

Check Out Our Latest Research Report on Textron

About Textron

(Free Report)

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.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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