Textron Inc. (NYSE:TXT) Director Kathleen M. Bader Sells 11,870 Shares of Stock

Textron Inc. (NYSE:TXTGet Free Report) Director Kathleen M. Bader sold 11,870 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the transaction, the director now owns 3,756 shares in the company, valued at approximately $330,189.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Textron Stock Performance

Shares of TXT opened at $89.17 on Friday. Textron Inc. has a 52-week low of $61.27 and a 52-week high of $97.33. The stock’s 50-day simple moving average is $91.84 and its 200 day simple moving average is $84.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.38 and a beta of 1.32.

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

Textron Dividend Announcement

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

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Textron

Institutional Trading of Textron

A number of large investors have recently modified their holdings of TXT. Metis Global Partners LLC grew its position in Textron by 12.8% during the third quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock valued at $796,000 after acquiring an additional 1,158 shares during the last quarter. LSV Asset Management raised its position in Textron by 7.6% in the 3rd quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock worth $255,656,000 after purchasing an additional 230,560 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Textron by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,692,173 shares of the aerospace company’s stock worth $136,085,000 after purchasing an additional 19,769 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Textron by 36.9% during the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock valued at $42,367,000 after buying an additional 146,055 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of Textron by 13.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock valued at $7,943,000 after buying an additional 11,510 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Company Profile

(Get Free Report)

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.

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