Oak Thistle LLC Sells 821 Shares of Textron Inc. (NYSE:TXT)

Oak Thistle LLC lessened its stake in shares of Textron Inc. (NYSE:TXT) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,577 shares of the aerospace company’s stock after selling 821 shares during the quarter. Oak Thistle LLC’s holdings in Textron were worth $503,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Brandes Investment Partners LP grew its stake in Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock valued at $133,096,000 after acquiring an additional 258,778 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Textron by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company’s stock worth $124,608,000 after purchasing an additional 231,173 shares in the last quarter. Distillate Capital Partners LLC grew its position in Textron by 101,299.4% in the 2nd quarter. Distillate Capital Partners LLC now owns 166,295 shares of the aerospace company’s stock valued at $14,278,000 after purchasing an additional 166,131 shares during the period. Dimensional Fund Advisors LP increased its stake in Textron by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,808,600 shares of the aerospace company’s stock valued at $241,152,000 after purchasing an additional 160,923 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its holdings in Textron by 1,839.9% during the second quarter. Susquehanna Fundamental Investments LLC now owns 162,955 shares of the aerospace company’s stock worth $13,991,000 after buying an additional 154,555 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Performance

NYSE TXT opened at $78.86 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The company has a market capitalization of $14.63 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. Textron Inc. has a 52-week low of $74.89 and a 52-week high of $97.33. The company has a 50-day simple moving average of $81.01 and a 200 day simple moving average of $85.23.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.09). Textron had a net margin of 6.30% and a return on equity of 16.02%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the company posted $1.49 EPS. Textron’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that Textron Inc. will post 5.45 EPS for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Friday, December 13th. Textron’s dividend payout ratio is currently 1.76%.

Analyst Ratings Changes

TXT has been the subject of a number of analyst reports. Susquehanna reduced their price objective on shares of Textron from $100.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. TD Cowen raised Textron to a “hold” rating in a report on Thursday, December 19th. UBS Group dropped their target price on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Robert W. Baird lowered their price target on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.