Mutual of America Capital Management LLC decreased its holdings in Textron Inc. (NYSE:TXT – Get Rating) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,763 shares of the aerospace company’s stock after selling 300 shares during the period. Mutual of America Capital Management LLC’s holdings in Textron were worth $2,221,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of TXT. Commonwealth Equity Services LLC boosted its holdings in Textron by 0.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 34,287 shares of the aerospace company’s stock worth $2,393,000 after buying an additional 144 shares during the period. Ieq Capital LLC lifted its position in shares of Textron by 2.2% during the fourth quarter. Ieq Capital LLC now owns 7,056 shares of the aerospace company’s stock worth $545,000 after acquiring an additional 149 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Textron by 12.9% in the third quarter. Rockefeller Capital Management L.P. now owns 1,540 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 176 shares during the period. Veritable L.P. grew its position in shares of Textron by 3.1% in the third quarter. Veritable L.P. now owns 5,883 shares of the aerospace company’s stock valued at $411,000 after purchasing an additional 177 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Textron by 36.3% during the 4th quarter. Allworth Financial LP now owns 714 shares of the aerospace company’s stock valued at $55,000 after purchasing an additional 190 shares during the period. 83.55% of the stock is currently owned by institutional investors.
Shares of TXT opened at $67.89 on Friday. Textron Inc. has a 1-year low of $58.83 and a 1-year high of $79.45. The company has a market capitalization of $14.69 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.48 and a beta of 1.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.57 and a quick ratio of 1.46. The firm’s 50 day simple moving average is $71.28 and its 200 day simple moving average is $72.96.
The company also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, March 11th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date was Thursday, March 10th. Textron’s dividend payout ratio (DPR) is currently 2.42%.
In other Textron news, CEO Scott C. Donnelly sold 243,157 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $68.56, for a total value of $16,670,843.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Bamford sold 2,701 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $72.90, for a total value of $196,902.90. The disclosure for this sale can be found here. Insiders sold a total of 347,610 shares of company stock valued at $23,965,675 over the last quarter. Company insiders own 1.50% of the company’s stock.
TXT has been the topic of several analyst reports. Zacks Investment Research upgraded Textron from a “sell” rating to a “hold” rating and set a $75.00 price target on the stock in a research report on Thursday, April 7th. StockNews.com assumed coverage on shares of Textron in a report on Thursday, March 31st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.56.
Textron Profile (Get Rating)
Textron Inc operates in the aircraft, defense, industrial, and finance businesses. The company's 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.
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