Mirae Asset Global Investments Co. Ltd. Has $1.97 Million Stock Holdings in Textron Inc. (NYSE:TXT)

Mirae Asset Global Investments Co. Ltd. decreased its stake in Textron Inc. (NYSE:TXT) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,528 shares of the aerospace company’s stock after selling 1,103 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Textron were worth $1,973,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TXT. Allworth Financial LP increased its stake in shares of Textron by 12.0% in the fourth quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 137 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Textron by 2.9% in the second quarter. Kestra Advisory Services LLC now owns 4,930 shares of the aerospace company’s stock worth $333,000 after purchasing an additional 139 shares in the last quarter. Quent Capital LLC increased its stake in shares of Textron by 29.2% in the fourth quarter. Quent Capital LLC now owns 633 shares of the aerospace company’s stock worth $51,000 after purchasing an additional 143 shares in the last quarter. Financial Advocates Investment Management increased its stake in shares of Textron by 3.3% in the third quarter. Financial Advocates Investment Management now owns 5,208 shares of the aerospace company’s stock worth $407,000 after purchasing an additional 168 shares in the last quarter. Finally, Greenleaf Trust increased its stake in shares of Textron by 4.0% in the third quarter. Greenleaf Trust now owns 4,401 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXT. The Goldman Sachs Group boosted their price objective on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group boosted their price objective on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $105.00 in a research note on Friday, March 8th. StockNews.com raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Citigroup boosted their price objective on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.63.

Textron Price Performance

TXT stock opened at $93.30 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.92 and a quick ratio of 1.03. Textron Inc. has a one year low of $61.27 and a one year high of $97.33. The stock has a market cap of $17.95 billion, a PE ratio of 20.42, a P/E/G ratio of 1.45 and a beta of 1.30. The firm has a 50 day simple moving average of $91.65 and a two-hundred day simple moving average of $83.38.

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

Textron Dividend Announcement

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

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.