Textron (NYSE:TXT) Given New $95.00 Price Target at JPMorgan Chase & Co.

Textron (NYSE:TXT) had its target price trimmed by JPMorgan Chase & Co. from $100.00 to $95.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

TXT has been the topic of several other research reports. TD Cowen cut shares of Textron from a buy rating to a hold rating and reduced their price target for the company from $103.00 to $95.00 in a research report on Wednesday, September 25th. Bank of America boosted their price target on shares of Textron from $105.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, July 23rd. StockNews.com cut shares of Textron from a strong-buy rating to a buy rating in a research report on Thursday, September 12th. UBS Group boosted their price target on shares of Textron from $84.00 to $87.00 and gave the company a sell rating in a research report on Friday, July 19th. Finally, Morgan Stanley cut shares of Textron from an overweight rating to an equal weight rating and set a $95.00 price target on the stock. in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Textron currently has an average rating of Hold and a consensus price target of $102.75.

Textron Stock Performance

Shares of NYSE:TXT opened at $88.49 on Monday. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The company has a 50-day moving average price of $87.44 and a 200-day moving average price of $88.52. The company has a current ratio of 1.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. Textron has a 12 month low of $74.13 and a 12 month high of $97.33.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.48 by $0.06. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.56 billion. Textron had a net margin of 6.67% and a return on equity of 16.41%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. As a group, equities analysts anticipate that Textron will post 6.15 EPS for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 13th. Textron’s dividend payout ratio (DPR) is presently 1.69%.

Institutional Investors Weigh In On Textron

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Textron during the second quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Textron during the second quarter valued at approximately $30,000. Oakworth Capital Inc. purchased a new stake in shares of Textron during the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new stake in shares of Textron during the second quarter valued at approximately $40,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Textron during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company Profile

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.