Tredje AP fonden Has $1.18 Million Holdings in Textron Inc. (NYSE:TXT)

Tredje AP fonden reduced its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,440 shares of the aerospace company's stock after selling 15,439 shares during the period. Tredje AP fonden's holdings in Textron were worth $1,181,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Textron during the 3rd quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Textron during the 4th quarter worth approximately $31,000. Eastern Bank bought a new position in shares of Textron during the 4th quarter worth approximately $42,000. Truvestments Capital LLC bought a new position in shares of Textron during the 3rd quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Textron by 69.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company's stock worth $50,000 after acquiring an additional 232 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction 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 sale, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.

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Textron Stock Performance

Textron stock traded up $0.25 during mid-day trading on Wednesday, hitting $74.50. 1,827,585 shares of the company's stock traded hands, compared to its average volume of 1,083,471. The firm has a 50 day simple moving average of $75.02 and a two-hundred day simple moving average of $80.93. Textron Inc. has a fifty-two week low of $70.14 and a fifty-two week high of $97.34. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly 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 the consensus estimate of $3.78 billion. During the same quarter last year, the firm posted $1.60 EPS. The company's quarterly revenue was down 7.2% on a year-over-year basis. On average, research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron's dividend payout ratio is currently 1.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Vertical Research raised shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price target for the company in a research note on Monday, January 6th. Susquehanna decreased their price target on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Bank of America cut shares of Textron from a "buy" rating to a "neutral" rating and decreased their target price for the company from $110.00 to $85.00 in a research note on Friday, January 24th. Barclays decreased their target price on shares of Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Finally, Robert W. Baird decreased their target price on shares of Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $93.45.

About Textron

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.