Blue Fin Capital Inc. Sells 353 Shares of Textron Inc. (NYSE:TXT)

Blue Fin Capital Inc. lowered its holdings in shares of Textron Inc. (NYSE:TXT) by 7.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,200 shares of the aerospace company’s stock after selling 353 shares during the period. Blue Fin Capital Inc.’s holdings in Textron were worth $338,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Adage Capital Partners GP L.L.C. raised its holdings in Textron by 93.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock valued at $115,193,000 after buying an additional 713,169 shares during the last quarter. Swiss National Bank purchased a new stake in shares of Textron during the third quarter worth about $50,696,000. JPMorgan Chase & Co. grew its stake in shares of Textron by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock worth $448,923,000 after purchasing an additional 596,214 shares during the last quarter. LSV Asset Management increased its holdings in Textron by 15.9% during the 4th quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock valued at $305,037,000 after purchasing an additional 521,276 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Textron during the 4th quarter valued at approximately $394,347,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

TXT has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their target price on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group lifted their price objective on Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, January 26th. StockNews.com lowered Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Citigroup lifted their price target on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Susquehanna lowered their price objective on Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average target price of $95.63.

Textron Stock Up 0.3 %

Shares of TXT traded up $0.22 during trading hours on Friday, hitting $85.59. The company had a trading volume of 1,388,861 shares, compared to its average volume of 1,389,966. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.35 and a beta of 1.32. The firm has a fifty day moving average price of $92.10 and a 200-day moving average price of $84.12. Textron Inc. has a 52-week low of $61.27 and a 52-week high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, June 14th. Textron’s dividend payout ratio is currently 1.71%.

Textron Company 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.