Textron Inc. (NYSE:TXT) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Textron Inc. (NYSE:TXT) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,747 shares of the aerospace company’s stock after purchasing an additional 549 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Textron were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXT. Global Retirement Partners LLC boosted its stake 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 period. Czech National Bank raised its position in shares of Textron by 45.0% during the 3rd quarter. Czech National Bank now owns 34,619 shares of the aerospace company’s stock worth $2,705,000 after buying an additional 10,744 shares in the last quarter. Uncommon Cents Investing LLC bought a new stake in shares of Textron during the 3rd quarter worth about $276,000. Bfsg LLC bought a new stake in shares of Textron during the 3rd quarter worth about $901,000. Finally, Baxter Bros Inc. bought a new stake in shares of Textron during the 3rd quarter worth about $820,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TXT has been the topic of a number of recent analyst reports. Susquehanna dropped their price target on shares of Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a research report on Friday. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $105.00 in a research report on Friday, March 8th. UBS Group boosted their price target on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research report on Friday, January 26th. Citigroup boosted their price target on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.63.

Textron Stock Up 1.9 %

TXT stock opened at $86.51 on Friday. Textron Inc. has a 52-week low of $61.27 and a 52-week high of $97.33. The company’s 50 day simple moving average is $92.10 and its 200-day simple moving average is $83.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.03. The firm has a market capitalization of $16.64 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.36 and a beta of 1.30.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a net margin of 6.75% and a return on equity of 16.30%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Textron Inc. will post 6.29 EPS for the current year.

Textron Announces Dividend

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

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.