ETRADE Capital Management LLC raised its position in shares of Textron Inc. (NYSE:TXT) by 21.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,531 shares of the aerospace company’s stock after buying an additional 1,653 shares during the period. ETRADE Capital Management LLC’s holdings in Textron were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Textron by 1.6% during the second quarter. Vanguard Group Inc. now owns 24,931,208 shares of the aerospace company’s stock worth $1,174,260,000 after buying an additional 393,214 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Textron by 2.1% during the second quarter. Capital Research Global Investors now owns 18,615,303 shares of the aerospace company’s stock worth $876,781,000 after buying an additional 378,902 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Textron by 3.8% during the second quarter. BlackRock Inc. now owns 17,799,799 shares of the aerospace company’s stock worth $838,370,000 after buying an additional 655,034 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Textron by 4.9% during the second quarter. American Century Companies Inc. now owns 5,457,637 shares of the aerospace company’s stock worth $257,055,000 after buying an additional 252,903 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Textron by 28.4% during the second quarter. Neuberger Berman Group LLC now owns 4,323,775 shares of the aerospace company’s stock worth $203,650,000 after buying an additional 957,464 shares in the last quarter. 82.04% of the stock is owned by institutional investors.

Several research firms have recently weighed in on TXT. Cowen reaffirmed a “buy” rating and set a $60.00 price objective on shares of Textron in a report on Tuesday, November 28th. Zacks Investment Research lowered shares of Textron from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Jefferies Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Textron in a report on Friday, October 20th. Credit Suisse Group dropped their price objective on shares of Textron from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, October 20th. Finally, Wells Fargo & Company raised their price objective on shares of Textron from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $56.92.

Textron Inc. (NYSE TXT) traded down $0.82 on Friday, hitting $54.89. 1,451,405 shares of the stock traded hands, compared to its average volume of 1,126,497. Textron Inc. has a twelve month low of $43.66 and a twelve month high of $55.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.08 and a quick ratio of 0.96. The company has a market capitalization of $14,459.12, a PE ratio of 21.87, a P/E/G ratio of 2.52 and a beta of 1.57.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, October 19th. The aerospace company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Textron had a net margin of 4.48% and a return on equity of 12.02%. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. Textron’s revenue was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that Textron Inc. will post 2.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. Textron’s payout ratio is presently 3.45%.

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Textron 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.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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