Hsbc Holdings PLC Boosts Stock Holdings in Textron Inc. (NYSE:TXT)

Hsbc Holdings PLC boosted its position in Textron Inc. (NYSE:TXT) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 856,380 shares of the aerospace company’s stock after purchasing an additional 107,633 shares during the period. Hsbc Holdings PLC owned about 0.46% of Textron worth $65,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TXT. Pflug Koory LLC boosted its stake in shares of Textron by 0.9% in the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after buying an additional 125 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Textron by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock worth $200,000 after purchasing an additional 141 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Textron by 5.8% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 163 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of Textron by 6.3% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company’s stock valued at $209,000 after purchasing an additional 163 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Textron by 4.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 2.8 %

TXT stock opened at $68.07 on Friday. 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 company has a market cap of $12.36 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.18 and a beta of 1.06. The business has a fifty day simple moving average of $70.29 and a 200-day simple moving average of $77.22. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $94.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. Textron had a return on equity of 14.92% and a net margin of 6.01%. On average, equities research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, June 13th. Textron’s payout ratio is currently 1.86%.

Insider Buying and Selling at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company’s stock, valued at $1,324,447.64. This represents a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on TXT shares. TD Cowen raised Textron to a “hold” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Citigroup decreased their price objective on shares of Textron from $111.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Susquehanna dropped their target price 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. Finally, Robert W. Baird reduced their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.30.

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.