Greenleaf Trust Sells 142 Shares of Textron Inc. (NYSE:TXT)

Greenleaf Trust lowered its holdings in shares of Textron Inc. (NYSE:TXT) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,259 shares of the aerospace company’s stock after selling 142 shares during the period. Greenleaf Trust’s holdings in Textron were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Metis Global Partners LLC lifted its stake in shares of Textron by 12.8% in the third quarter. Metis Global Partners LLC now owns 10,189 shares of the aerospace company’s stock worth $796,000 after buying an additional 1,158 shares in the last quarter. LSV Asset Management lifted its stake in shares of Textron by 7.6% in the third quarter. LSV Asset Management now owns 3,271,771 shares of the aerospace company’s stock worth $255,656,000 after buying an additional 230,560 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Textron by 36.9% in the third quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after buying an additional 146,055 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of Textron by 13.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock worth $7,943,000 after buying an additional 11,510 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Textron by 269.1% in the fourth quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock worth $1,680,000 after buying an additional 15,235 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $105.00 in a research report on Friday, March 8th. Citigroup increased their price objective on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, UBS Group increased their price objective on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.63.

Textron Stock Up 1.6 %

Shares of TXT stock opened at $95.29 on Wednesday. Textron Inc. has a 12 month low of $61.27 and a 12 month high of $97.33. The stock has a market cap of $18.33 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.48 and a beta of 1.30. The company has a current ratio of 1.92, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $91.96 and a two-hundred day simple moving average of $83.73.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Textron’s dividend payout ratio is currently 1.75%.

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.