Natixis Advisors LLC Sells 13,729 Shares of Textron Inc. (NYSE:TXT)

Natixis Advisors LLC trimmed its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,016 shares of the aerospace company's stock after selling 13,729 shares during the period. Natixis Advisors LLC owned approximately 0.13% of Textron worth $22,146,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TXT. Innealta Capital LLC bought a new position in shares of Textron in the second quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Textron in the second quarter valued at about $30,000. Oakworth Capital Inc. purchased a new stake in Textron in the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new stake in shares of Textron during the second quarter worth approximately $40,000. Finally, Capital Performance Advisors LLP acquired a new position in Textron during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Trading Down 1.6 %

TXT stock traded down $1.33 during trading on Tuesday, reaching $82.01. The company had a trading volume of 531,252 shares, compared to its average volume of 1,084,204. The business has a 50 day moving average of $86.32 and a 200 day moving average of $87.31. Textron Inc. has a 52 week low of $74.13 and a 52 week high of $97.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. The company has a market cap of $15.21 billion, a P/E ratio of 18.08, a PEG ratio of 1.53 and a beta of 1.24.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 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 analysts' expectations of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. As a group, sell-side analysts forecast that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date is Friday, December 13th. Textron's dividend payout ratio (DPR) is presently 1.76%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TXT shares. Citigroup increased their target price on Textron from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Robert W. Baird cut 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. JPMorgan Chase & Co. reduced their target price on Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. UBS Group lowered their price objective on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a research report on Friday, October 25th. Finally, TD Cowen downgraded shares of Textron from a "buy" rating to a "hold" rating and cut their target price for the company from $103.00 to $95.00 in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Textron has an average rating of "Moderate Buy" and a consensus target price of $101.56.

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.