Amundi Pioneer Asset Management Inc. Boosts Stake in Textron Inc. (TXT)
Amundi Pioneer Asset Management Inc. lifted its stake in Textron Inc. (NYSE:TXT) by 139.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 326,875 shares of the aerospace company’s stock after acquiring an additional 190,088 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Textron were worth $18,497,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of TXT. Steward Partners Investment Advisory LLC acquired a new position in shares of Textron in the third quarter worth $110,000. Invictus RG acquired a new position in shares of Textron in the third quarter worth $115,000. Cerebellum GP LLC acquired a new position in shares of Textron in the fourth quarter worth $133,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Textron in the third quarter worth $201,000. Finally, BB&T Securities LLC acquired a new position in shares of Textron in the third quarter worth $203,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.
Textron Inc. (NYSE TXT) opened at $58.90 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69. The company has a market cap of $15,420.00, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. Textron Inc. has a 1 year low of $45.00 and a 1 year high of $62.19.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.14%. The ex-dividend date is Thursday, March 8th. Textron’s payout ratio is 3.74%.
A number of equities analysts have recently weighed in on the stock. Cowen reaffirmed a “buy” rating and issued a $70.00 price target on shares of Textron in a research note on Thursday, February 1st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $67.00 price target (up from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Stephens set a $65.00 price target on shares of Textron and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $74.00 price target on shares of Textron in a research note on Sunday, February 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $60.50.
Textron Company Profile
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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