Keybank National Association OH Has $603,000 Stock Holdings in Textron Inc. (NYSE:TXT)

Keybank National Association OH raised its holdings in Textron Inc. (NYSE:TXT) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,877 shares of the aerospace company’s stock after purchasing an additional 329 shares during the quarter. Keybank National Association OH’s holdings in Textron were worth $603,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TXT. True Wealth Design LLC acquired a new stake in shares of Textron in the 3rd quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Textron during the 4th quarter valued at $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Textron during the 3rd quarter valued at $42,000. Eastern Bank acquired a new stake in shares of Textron during the 4th quarter valued at $42,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Textron during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Insider Transactions at Textron

In other news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TXT shares. Robert W. Baird cut their price objective on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday, January 6th. Barclays cut their price objective on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Citigroup cut their price objective on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Bank of America downgraded Textron from a “buy” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $85.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.45.

Textron Stock Up 2.9 %

Shares of NYSE:TXT opened at $75.50 on Friday. The business has a fifty day simple moving average of $75.33 and a 200 day simple moving average of $81.78. Textron Inc. has a 12-month low of $70.14 and a 12-month high of $97.33. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The firm has a market cap of $13.71 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company posted $1.60 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron’s dividend payout ratio (DPR) is presently 1.86%.

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.