Textron Inc. (NYSE:TXT) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its position in Textron Inc. (NYSE:TXTGet Rating) by 66.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,567 shares of the aerospace company’s stock after selling 17,123 shares during the quarter. Dupont Capital Management Corp’s holdings in Textron were worth $499,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Coston McIsaac & Partners acquired a new position in Textron during the 2nd quarter valued at $26,000. Clear Street Markets LLC grew its holdings in shares of Textron by 401.1% in the 2nd quarter. Clear Street Markets LLC now owns 451 shares of the aerospace company’s stock valued at $28,000 after buying an additional 361 shares during the period. Charter Oak Capital Management LLC acquired a new position in Textron in the 2nd quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Textron in the 2nd quarter worth $31,000. Finally, Lazard Asset Management LLC acquired a new position in Textron in the 1st quarter worth $40,000. 84.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TXT shares. The Goldman Sachs Group increased their price objective on shares of Textron from $84.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. StockNews.com raised Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 6th. Finally, Morgan Stanley reduced their price target on Textron from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.67.

Textron Price Performance

NYSE TXT opened at $70.25 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.22 and a quick ratio of 1.17. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.04 and a beta of 1.48. Textron Inc. has a 1-year low of $57.11 and a 1-year high of $76.85. The business’s fifty day moving average price is $70.69 and its 200-day moving average price is $65.94.

Textron (NYSE:TXTGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The aerospace company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.94 by $0.12. Textron had a return on equity of 12.40% and a net margin of 6.71%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.21 billion. On average, equities analysts predict that Textron Inc. will post 3.95 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, January 1st. Investors of record on Friday, December 9th were paid a $0.02 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Textron’s dividend payout ratio is currently 2.07%.

About Textron

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Textron Inc operates in the aircraft, defense, industrial, and finance businesses. The company's 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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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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