2 weeks Ago By ABMN Staff
Wells Fargo & Company MN increased its holdings in shares of Textron Inc. ( NYSE:TXT – Free Report ) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 246,268 shares of the aerospace company’s stock after acquiring an additional 293 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Textron worth $18,837,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. MML Investors Services LLC boosted its stake in shares of Textron by 18.4% in the third quarter.
MML Investors Services LLC now owns 26,505 shares of the aerospace company’s stock valued at $2,348,000 after buying an additional 4,110 shares during the period. M&T Bank Corp raised its holdings in Textron by 2.3% in the 3rd quarter.
M&T Bank Corp now owns 17,101 shares of the aerospace company’s stock valued at $1,514,000 after acquiring an additional 382 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Textron by 10.
3% during the 3rd quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company’s stock valued at $14,505,000 after acquiring an additional 15,294 shares during the period.
Central Pacific Bank Trust Division grew its holdings in shares of Textron by 4.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 24,200 shares of the aerospace company’s stock worth $1,851,000 after purchasing an additional 1,000 shares in the last quarter.
Finally, International Assets Investment Management LLC bought a new position in shares of Textron in the fourth quarter worth $11,523,000. Institutional investors and hedge funds own 86.03% of the company’s stock.
Textron Stock Up 1.7 % Shares of NYSE TXT opened at $65.64 on Monday.
The company has a 50 day simple moving average of $71.70 and a 200 day simple moving average of $78.41.
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.
84. Textron Inc. has a 1 year low of $57.
70 and a 1 year high of $95.86. The firm has a market cap of $11.
92 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.
06. Textron Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.
02 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.
08 dividend on an annualized basis and a dividend yield of 0.12%. Textron’s dividend payout ratio (DPR) is 1.
86%. Insider Buying and Selling In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction on Monday, February 24th.
The shares were sold at an average price of $72.68, for a total transaction of $396,178.68.
Following the completion of the transaction, the vice president now owns 18,223 shares of the company’s stock, valued at $1,324,447.64. This trade represents a 23.
03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . 1.
70% of the stock is owned by insiders. Wall Street Analyst Weigh In TXT has been the topic of a number of analyst reports. JPMorgan Chase & Co.
reduced their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.
Vertical Research upgraded shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Monday, January 6th. Citigroup lowered their price objective on shares of Textron from $111.
00 to $107.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen raised Textron to a “hold” rating in a report on Monday, February 24th.
Finally, Morgan Stanley decreased their price target on Textron from $82.00 to $71.00 and set an “equal weight” rating on the stock in a research note on Friday.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Textron has a consensus rating of “Moderate Buy” and a consensus price target of $92.09.
Get Our Latest Analysis on Textron Textron Company Profile ( Free Report ) 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.
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