Textron Inc. (NYSE:TXT) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont trimmed its stake in shares of Textron Inc. (NYSE:TXT) by 40.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549 shares of the aerospace company’s stock after selling 366 shares during the quarter. Trust Co. of Vermont’s holdings in Textron were worth $42,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXT. True Wealth Design LLC acquired a new position in shares of Textron during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in Textron during the 3rd quarter worth approximately $42,000. Eastern Bank purchased a new stake in shares of Textron in the 4th quarter valued at approximately $42,000. Truvestments Capital LLC acquired a new stake in shares of Textron in the 3rd quarter valued at $43,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Textron by 69.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

TXT has been the topic of several recent analyst reports. Barclays dropped their target price on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Susquehanna cut their price objective on shares of Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group lowered their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Textron Price Performance

Shares of TXT opened at $79.19 on Tuesday. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. Textron Inc. has a fifty-two week low of $74.89 and a fifty-two week high of $97.33. The firm has a 50-day simple moving average of $80.48 and a 200-day simple moving average of $85.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT) last announced its earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share 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 company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Textron Inc. will post 5.45 earnings per share for the current year.

Textron Announces Dividend

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

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.