IBM Retirement Fund purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,023 shares of the aerospace company’s stock, valued at approximately $217,000.
Several other institutional investors also recently bought and sold shares of TXT. Fox Run Management L.L.C. bought a new stake in Textron in the second quarter worth $245,000. Creative Planning boosted its holdings in Textron by 9.6% in the second quarter. Creative Planning now owns 13,137 shares of the aerospace company’s stock worth $619,000 after purchasing an additional 1,154 shares in the last quarter. National Pension Service boosted its holdings in Textron by 9.0% in the second quarter. National Pension Service now owns 275,376 shares of the aerospace company’s stock worth $12,844,000 after purchasing an additional 22,684 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Textron by 5.8% in the second quarter. LS Investment Advisors LLC now owns 11,556 shares of the aerospace company’s stock worth $544,000 after purchasing an additional 636 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in Textron by 5.8% in the second quarter. Aperio Group LLC now owns 103,912 shares of the aerospace company’s stock worth $4,894,000 after purchasing an additional 5,686 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.
Textron Inc. (TXT) traded down $1.10 during mid-day trading on Thursday, reaching $52.47. 1,366,700 shares of the company’s stock were exchanged, compared to its average volume of 1,562,476. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.08 and a quick ratio of 0.96. Textron Inc. has a one year low of $43.66 and a one year high of $55.80. The company has a market capitalization of $14,111.43, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.46 and a beta of 1.58.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Thursday, December 14th. Textron’s dividend payout ratio is currently 3.45%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Textron from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub cut shares of Textron from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Drexel Hamilton upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Monday, September 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of Textron in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.92.
Textron Company Profile
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
Want to see what other hedge funds are holding TXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textron Inc. (NYSE:TXT).
Receive News & Ratings for Textron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.