MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 27,232 Shares of Textron Inc. (NYSE:TXT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Textron Inc. (NYSE:TXT) by 68.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,813 shares of the aerospace company’s stock after selling 27,232 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Textron were worth $980,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Textron during the fourth quarter worth about $31,000. Optiver Holding B.V. bought a new position in shares of Textron in the fourth quarter valued at approximately $56,000. Golden State Wealth Management LLC purchased a new position in shares of Textron during the fourth quarter valued at approximately $63,000. McClarren Financial Advisors Inc. purchased a new stake in Textron in the 4th quarter valued at $68,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Textron by 33.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 964 shares of the aerospace company’s stock worth $74,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

NYSE:TXT opened at $73.02 on Monday. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The stock has a fifty day moving average of $70.10 and a 200 day moving average of $75.23. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $94.57.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.17 by $0.11. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Textron’s dividend payout ratio is presently 1.81%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group boosted their price objective on Textron from $62.00 to $63.00 and gave the stock a “sell” rating in a research report on Monday, April 28th. TD Cowen upgraded Textron to a “hold” rating in a research note on Monday, February 24th. Morgan Stanley dropped their price objective on shares of Textron from $82.00 to $71.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Finally, Citigroup cut their price objective on shares of Textron from $111.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Textron has an average rating of “Hold” and an average target price of $87.70.

Textron Company Profile

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.