Textron Inc. (NYSE:TXT) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC lifted its stake in shares of Textron Inc. (NYSE:TXT) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,292 shares of the aerospace company’s stock after buying an additional 8,198 shares during the quarter. Todd Asset Management LLC’s holdings in Textron were worth $35,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Textron by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,428,377 shares of the aerospace company’s stock worth $109,257,000 after purchasing an additional 104,982 shares during the period. Blackhawk Capital Partners LLC. boosted its holdings in Textron by 41.9% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 3,263 shares of the aerospace company’s stock worth $250,000 after purchasing an additional 963 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in Textron by 2.8% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 11,200 shares of the aerospace company’s stock worth $857,000 after purchasing an additional 300 shares during the period. Elk River Wealth Management LLC boosted its holdings in Textron by 0.6% in the fourth quarter. Elk River Wealth Management LLC now owns 58,830 shares of the aerospace company’s stock worth $4,501,000 after purchasing an additional 379 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Textron by 79.5% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,956 shares of the aerospace company’s stock worth $762,000 after purchasing an additional 4,409 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE TXT opened at $72.56 on Tuesday. Textron Inc. has a fifty-two week low of $71.67 and a fifty-two week high of $97.33. The firm’s 50-day simple moving average is $76.03 and its 200 day simple moving average is $82.60. 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 stock has a market cap of $13.25 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.18 and a beta of 1.27.

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

Analyst Ratings Changes

A number of research firms have commented on TXT. Susquehanna decreased 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. JPMorgan Chase & Co. reduced their price target on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Bank of America downgraded 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 report on Friday, January 24th. Barclays reduced their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Finally, Robert W. Baird reduced their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Textron has a consensus rating of “Moderate Buy” and an average price target of $93.45.

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.