Textron Inc. (NYSE:TXT) Shares Purchased by Boston Partners

Boston Partners boosted its holdings in Textron Inc. (NYSE:TXT) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,483,692 shares of the aerospace company’s stock after purchasing an additional 333,127 shares during the quarter. Boston Partners owned approximately 4.03% of Textron worth $572,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TXT. True Wealth Design LLC acquired a new stake in Textron during the third quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in Textron during the fourth quarter worth about $31,000. Eastern Bank acquired a new stake in Textron during the fourth quarter worth about $42,000. Truvestments Capital LLC acquired a new stake in Textron during the third quarter worth about $43,000. Finally, Golden State Wealth Management LLC acquired a new stake in Textron during the fourth quarter worth about $63,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 2.0 %

Shares of TXT opened at $74.64 on Tuesday. The company has a market capitalization of $13.56 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.18 and a beta of 1.27. Textron Inc. has a one year low of $70.14 and a one year high of $97.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The stock has a 50-day moving average price of $75.04 and a 200 day moving average price of $81.05.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. Sell-side analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Friday, March 14th. Textron’s dividend payout ratio is presently 1.86%.

Insiders Place Their Bets

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares of the company’s stock, valued at $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TXT has been the subject of several research analyst reports. Citigroup dropped their price target on Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. TD Cowen upgraded Textron to a “hold” rating in a research note on Monday, February 24th. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Susquehanna lowered their target price on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.45.

Textron 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.