HSBC Buys More Textron Shares as Earnings Beat Consensus
HSBC Holdings PLC increased its stake in Textron by buying an additional 26,853 shares, bringing its holding to 625,781 shares worth about $57.5 million. Several other funds also added to positions. Textron reported quarterly EPS of $1.62, beating the $1.55 consensus estimate by $0.07, and declared a dividend payout ratio of 1.51.