Textron Inc. (NYSE:TXT) Shares Bought by Mariner LLC

Mariner LLC increased its holdings in Textron Inc. (NYSE:TXT) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,137,684 shares of the aerospace company’s stock after purchasing an additional 46,469 shares during the period. Mariner LLC owned 0.61% of Textron worth $87,022,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Textron by 10.2% in the 4th quarter. Barclays PLC now owns 515,200 shares of the aerospace company’s stock valued at $39,408,000 after buying an additional 47,767 shares during the period. Savvy Advisors Inc. purchased a new stake in Textron in the fourth quarter valued at approximately $256,000. Altman Advisors Inc. increased its position in Textron by 1.8% during the fourth quarter. Altman Advisors Inc. now owns 22,417 shares of the aerospace company’s stock worth $1,715,000 after purchasing an additional 389 shares during the last quarter. Sterling Capital Management LLC raised its stake in Textron by 55.7% during the fourth quarter. Sterling Capital Management LLC now owns 11,077 shares of the aerospace company’s stock worth $847,000 after purchasing an additional 3,961 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Textron by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 82,184 shares of the aerospace company’s stock valued at $6,286,000 after purchasing an additional 520 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TXT shares. Barclays cut their target price on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. JPMorgan Chase & Co. reduced their price objective on 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 raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, January 6th. Bank of America cut shares of Textron from a “buy” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $85.00 in a research report on Friday, January 24th. Finally, Robert W. Baird dropped their price objective on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.09.

Textron Stock Performance

Textron stock opened at $65.97 on Tuesday. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $95.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. The firm’s fifty day moving average price is $71.53 and its 200 day moving average price is $78.26.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.60 earnings per share. On average, research analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Friday, March 14th. Textron’s dividend payout ratio (DPR) is currently 1.86%.

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.