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

Stifel Financial Corp boosted its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,210 shares of the aerospace company's stock after buying an additional 27,434 shares during the period. Stifel Financial Corp owned approximately 0.09% of Textron worth $13,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Textron by 17.8% during the 4th quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock valued at $591,523,000 after acquiring an additional 1,167,105 shares during the last quarter. Boston Partners increased its holdings in shares of Textron by 4.7% in the 4th quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock worth $572,465,000 after buying an additional 333,127 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Textron by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company's stock worth $350,619,000 after buying an additional 164,964 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Textron by 19.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock worth $142,249,000 after acquiring an additional 302,712 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Textron by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,678,854 shares of the aerospace company's stock worth $128,416,000 after acquiring an additional 7,610 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Trading Up 2.4 %

NYSE TXT traded up $1.60 during trading on Thursday, hitting $67.83. The company had a trading volume of 1,173,621 shares, compared to its average volume of 1,200,820. The company's fifty day moving average is $70.38 and its 200-day moving average is $77.34. 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 company has a market cap of $12.32 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. Textron Inc. has a one year low of $57.70 and a one year high of $95.86.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. Textron had a return on equity of 14.92% and a net margin of 6.01%. On average, sell-side analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Textron's payout ratio is 1.86%.

Insider Activity at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna dropped their price target on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their target price on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. TD Cowen upgraded Textron to a "hold" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Textron presently has a consensus rating of "Hold" and a consensus price target of $89.30.

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.