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HSBC Buys More Textron Shares as Earnings Beat Consensus

HSBC logoHSBC
Sig1.20Sen+1.28Env0.00Soc0.00Gov0.00
Textron logoTextron
Sig1.25Sen+1.60Env0.00Soc0.00Gov0.00

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.

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