Textron Inc. (NYSE:TXT) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Textron Inc. (NYSE:TXT) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,038 shares of the aerospace company’s stock after buying an additional 1,246 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Textron were worth $4,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXT. True Wealth Design LLC bought a new stake in Textron during the 3rd quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Textron during the fourth quarter valued at $31,000. Eastern Bank bought a new stake in shares of Textron during the fourth quarter valued at about $42,000. Golden State Wealth Management LLC acquired a new stake in Textron in the fourth quarter worth about $63,000. Finally, McClarren Financial Advisors Inc. bought a new position in Textron in the 4th quarter valued at about $68,000. 86.03% of the stock is owned by institutional investors.

Textron Trading Down 1.0 %

NYSE:TXT opened at $72.25 on Tuesday. The stock has a fifty day simple moving average of $74.35 and a 200 day simple moving average of $80.07. The firm has a market capitalization of $13.12 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. Textron Inc. has a 1-year low of $70.14 and a 1-year high of $97.34. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company posted $1.60 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

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

Insider Activity

In related news, VP Mark S. Bamford sold 5,451 shares of the company’s 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 transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TXT shares. Robert W. Baird dropped their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Susquehanna dropped their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley decreased their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Bank of America cut 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

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.