ORG Partners LLC Takes $97,000 Position in Textron Inc. (NYSE:TXT)

ORG Partners LLC acquired a new stake in Textron Inc. (NYSE:TXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,200 shares of the aerospace company’s stock, valued at approximately $97,000.

Several other large investors also recently made changes to their positions in TXT. CVA Family Office LLC acquired a new stake in shares of Textron in the 4th quarter valued at approximately $29,000. Money Concepts Capital Corp boosted its holdings in shares of Textron by 109.0% in the 4th quarter. Money Concepts Capital Corp now owns 443 shares of the aerospace company’s stock valued at $31,000 after buying an additional 231 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Textron by 100.0% in the 3rd quarter. CENTRAL TRUST Co now owns 600 shares of the aerospace company’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Textron by 393.9% during the 3rd quarter. Global Retirement Partners LLC now owns 489 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 390 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new stake in Textron during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Down 0.7 %

TXT opened at $93.96 on Monday. Textron Inc. has a fifty-two week low of $61.27 and a fifty-two week high of $97.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.92. The company has a market capitalization of $18.08 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.48 and a beta of 1.30. The stock has a fifty day moving average of $91.04 and a 200-day moving average of $82.93.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.07. Textron had a return on equity of 16.05% and a net margin of 6.73%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the business earned $1.07 earnings per share. Textron’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Textron Inc. will post 6.27 EPS for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Thursday, March 14th. Textron’s payout ratio is currently 1.75%.

Wall Street Analysts Forecast Growth

TXT has been the subject of several research reports. StockNews.com raised Textron from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price target on Textron from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, December 20th. Citigroup raised their price target on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $98.00 price target on shares of Textron in a report on Tuesday, January 2nd. Finally, Bank of America raised Textron from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $105.00 in a report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.88.

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.