Norinchukin Bank The increased its holdings in shares of Textron Inc. (NYSE:TXT) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,578 shares of the aerospace company’s stock after buying an additional 1,027 shares during the quarter. Norinchukin Bank The’s holdings in Textron were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Cleararc Capital Inc. grew its holdings in shares of Textron by 0.3% during the first quarter. Cleararc Capital Inc. now owns 6,098 shares of the aerospace company’s stock valued at $290,000 after buying an additional 16 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Textron by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,226 shares of the aerospace company’s stock valued at $152,000 after buying an additional 26 shares in the last quarter. Intrust Bank NA grew its holdings in shares of Textron by 0.6% during the second quarter. Intrust Bank NA now owns 5,892 shares of the aerospace company’s stock valued at $277,000 after buying an additional 33 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in shares of Textron by 1.6% during the second quarter. Canandaigua National Bank & Trust Co. now owns 4,815 shares of the aerospace company’s stock valued at $227,000 after buying an additional 75 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Textron by 1.3% during the first quarter. YHB Investment Advisors Inc. now owns 7,398 shares of the aerospace company’s stock valued at $345,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

Shares of Textron Inc. (TXT) opened at 52.46 on Tuesday. Textron Inc. has a 12 month low of $37.19 and a 12 month high of $52.89. The firm has a market cap of $13.89 billion, a PE ratio of 16.04 and a beta of 1.56. The firm has a 50 day moving average price of $49.26 and a 200-day moving average price of $47.89.

Textron (NYSE:TXT) last released its earnings results on Wednesday, July 19th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Textron had a return on equity of 11.97% and a net margin of 6.45%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts predict that Textron Inc. will post $2.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, September 14th. Textron’s dividend payout ratio (DPR) is presently 2.45%.

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TXT has been the subject of a number of research reports. Zacks Investment Research cut Textron from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. BidaskClub cut Textron from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Credit Suisse Group reissued a “buy” rating and set a $50.00 price objective on shares of Textron in a research report on Wednesday, May 24th. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Bank of America Corporation cut Textron from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $53.00 to $45.00 in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.42.

About Textron

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.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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