Textron Inc. (NYSE:TXT) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC grew its position in shares of Textron Inc. (NYSE:TXT) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 470,292 shares of the aerospace company’s stock after purchasing an additional 8,198 shares during the period. Todd Asset Management LLC owned 0.25% of Textron worth $35,973,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Merit Financial Group LLC boosted its stake in shares of Textron by 5.9% during the 4th quarter. Merit Financial Group LLC now owns 4,784 shares of the aerospace company’s stock worth $366,000 after purchasing an additional 265 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Textron by 28.6% during the 4th quarter. Empowered Funds LLC now owns 20,132 shares of the aerospace company’s stock worth $1,540,000 after purchasing an additional 4,480 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Textron by 10.3% during the 3rd quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company’s stock worth $14,505,000 after purchasing an additional 15,294 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Textron by 44.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,390 shares of the aerospace company’s stock worth $1,343,000 after purchasing an additional 5,367 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Textron by 79.5% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,956 shares of the aerospace company’s stock worth $762,000 after purchasing an additional 4,409 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Up 0.3 %

TXT opened at $72.56 on Tuesday. The firm has a market capitalization of $13.25 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.18 and a beta of 1.27. The firm’s 50 day moving average is $76.03 and its 200-day moving average is $82.60. Textron Inc. has a 52-week low of $71.67 and a 52-week high of $97.33. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. Analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TXT has been the topic of several research analyst reports. TD Cowen raised shares of Textron to a “hold” rating in a research report on Monday. Robert W. Baird decreased their target price on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Barclays decreased their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Bank of America cut shares of Textron from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $85.00 in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.45.

About Textron

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.