Kapitalo Investimentos Ltda Purchases Shares of 2,821 Textron Inc. (NYSE:TXT)

Kapitalo Investimentos Ltda acquired a new position in Textron Inc. (NYSE:TXT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,821 shares of the aerospace company’s stock, valued at approximately $227,000.

Several other institutional investors have also recently modified their holdings of TXT. SageView Advisory Group LLC purchased a new position in Textron during the fourth quarter worth approximately $922,000. Studio Investment Management LLC purchased a new position in shares of Textron in the 4th quarter valued at about $1,223,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Textron by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,692,173 shares of the aerospace company’s stock valued at $136,085,000 after acquiring an additional 19,769 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Textron by 36.9% in the 3rd quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock valued at $42,367,000 after acquiring an additional 146,055 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Textron by 13.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock valued at $7,943,000 after acquiring an additional 11,510 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Textron

In other Textron news, Director Kathleen M. Bader sold 11,870 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the transaction, the director now owns 3,756 shares of the company’s stock, valued at approximately $330,189.96. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Textron Stock Down 0.1 %

NYSE:TXT traded down $0.07 during trading hours on Tuesday, reaching $85.85. The company’s stock had a trading volume of 88,496 shares, compared to its average volume of 1,136,303. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 0.84. The business’s 50-day moving average is $88.64 and its 200-day moving average is $86.49. Textron Inc. has a one year low of $64.42 and a one year high of $97.33. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.29 billion. Textron had a net margin of 6.75% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Equities research analysts predict that Textron Inc. will post 6.27 EPS for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 annualized dividend and a yield of 0.09%. Textron’s dividend payout ratio is currently 1.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TXT. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. 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. Susquehanna reduced their price target on Textron from $110.00 to $105.00 and set a “positive” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group raised their price objective on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup raised their price objective on 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, one has given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.29.

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.