Aperio Group LLC Boosts Stake in Textron Inc. (NYSE:TXT)

Aperio Group LLC increased its position in shares of Textron Inc. (NYSE:TXT) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,912 shares of the aerospace company’s stock after buying an additional 5,686 shares during the period. Aperio Group LLC’s holdings in Textron were worth $4,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Textron by 5.8% in the second quarter. LS Investment Advisors LLC now owns 11,556 shares of the aerospace company’s stock worth $544,000 after buying an additional 636 shares during the last quarter. National Pension Service boosted its position in Textron by 9.0% in the second quarter. National Pension Service now owns 275,376 shares of the aerospace company’s stock worth $12,844,000 after buying an additional 22,684 shares in the last quarter. Creative Planning boosted its position in Textron by 9.6% in the second quarter. Creative Planning now owns 13,137 shares of the aerospace company’s stock worth $619,000 after buying an additional 1,154 shares in the last quarter. Bank of The West boosted its position in Textron by 14.5% in the second quarter. Bank of The West now owns 79,540 shares of the aerospace company’s stock worth $3,746,000 after buying an additional 10,073 shares in the last quarter. Finally, Deane Retirement Strategies Inc. acquired a new position in Textron during the second quarter worth about $1,458,000. 83.62% of the stock is owned by institutional investors.

Textron Inc. (NYSE:TXT) opened at 47.69 on Friday. The company has a market capitalization of $12.62 billion, a P/E ratio of 14.58 and a beta of 1.56. The firm has a 50-day moving average price of $48.76 and a 200 day moving average price of $47.71. Textron Inc. has a 52-week low of $37.19 and a 52-week high of $50.93.

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

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. 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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Several equities analysts have recently issued reports on TXT shares. Credit Suisse Group restated a “buy” rating and set a $50.00 target price on shares of Textron in a research report on Wednesday, May 24th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price on shares of Textron in a research note on Thursday, May 18th. Bank of America Corporation cut Textron from a “buy” rating to an “underperform” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Friday, July 21st. BidaskClub cut Textron from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Textron from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.00.

Textron Company 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.

Institutional Ownership by Quarter for Textron (NYSE:TXT)

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