Greenleaf Trust Sells 142 Shares of Textron Inc. (NYSE:TXT)

Greenleaf Trust decreased its holdings in Textron Inc. (NYSE:TXT) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,259 shares of the aerospace company’s stock after selling 142 shares during the quarter. Greenleaf Trust’s holdings in Textron were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Textron by 12.0% in the 4th quarter. Allworth Financial LP now owns 1,283 shares of the aerospace company’s stock valued at $103,000 after buying an additional 137 shares during the last quarter. Quent Capital LLC increased its stake in Textron by 29.2% in the 4th quarter. Quent Capital LLC now owns 633 shares of the aerospace company’s stock valued at $51,000 after buying an additional 143 shares during the last quarter. Financial Advocates Investment Management increased its stake in Textron by 3.3% in the 3rd quarter. Financial Advocates Investment Management now owns 5,208 shares of the aerospace company’s stock valued at $407,000 after buying an additional 168 shares during the last quarter. Prosperity Financial Group Inc. increased its stake in Textron by 5.4% in the 3rd quarter. Prosperity Financial Group Inc. now owns 3,497 shares of the aerospace company’s stock valued at $273,000 after buying an additional 179 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in Textron by 2.5% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 7,875 shares of the aerospace company’s stock valued at $615,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Citigroup raised their price target on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. UBS Group raised their price target on shares of Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a research note on Friday, January 26th. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and raised their price target for the stock from $85.00 to $105.00 in a research note on Friday, March 8th. Finally, The Goldman Sachs Group raised their price target on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.63.

Textron Stock Up 1.6 %

Textron stock opened at $95.29 on Wednesday. Textron Inc. has a 1-year low of $61.27 and a 1-year high of $97.33. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.48 and a beta of 1.30. The company has a current ratio of 1.92, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $91.96 and a 200 day simple moving average of $83.73.

Textron (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.07 EPS. Textron’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Textron Inc. will post 6.27 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Textron’s dividend payout ratio is 1.75%.

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.