Robeco Institutional Asset Management B.V. Purchases 57,967 Shares of Textron Inc. (NYSE:TXT)

Robeco Institutional Asset Management B.V. grew its position in Textron Inc. (NYSE:TXT) by 13.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,411 shares of the aerospace company’s stock after acquiring an additional 57,967 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.27% of Textron worth $43,884,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Textron by 263.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,369 shares of the aerospace company’s stock worth $1,283,000 after acquiring an additional 9,692 shares during the period. SG Americas Securities LLC grew its position in shares of Textron by 461.1% in the first quarter. SG Americas Securities LLC now owns 117,257 shares of the aerospace company’s stock valued at $11,248,000 after purchasing an additional 96,361 shares during the last quarter. LSV Asset Management increased its stake in shares of Textron by 6.9% during the first quarter. LSV Asset Management now owns 4,053,050 shares of the aerospace company’s stock worth $388,809,000 after purchasing an additional 260,003 shares during the period. Cetera Investment Advisers increased its stake in shares of Textron by 579.5% during the first quarter. Cetera Investment Advisers now owns 50,684 shares of the aerospace company’s stock worth $4,862,000 after purchasing an additional 43,225 shares during the period. Finally, Virtu Financial LLC lifted its holdings in Textron by 259.2% during the 1st quarter. Virtu Financial LLC now owns 17,367 shares of the aerospace company’s stock worth $1,666,000 after purchasing an additional 12,532 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TXT. JPMorgan Chase & Co. dropped their target price on Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Robert W. Baird cut their target price on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 12th. TD Cowen downgraded Textron from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $103.00 to $95.00 in a research report on Wednesday, September 25th. Finally, Morgan Stanley cut Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.56.

Textron Stock Performance

NYSE:TXT opened at $83.34 on Wednesday. The stock’s 50-day moving average is $86.84 and its 200-day moving average is $87.49. The stock has a market cap of $15.46 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Textron Inc. has a 1-year low of $74.13 and a 1-year high of $97.33. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXT) last issued its quarterly earnings data 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). The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. Equities research analysts anticipate that Textron Inc. will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.10%. Textron’s dividend payout ratio (DPR) is 1.76%.

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.