Charles Schwab Investment Management Inc. Raises Position in Textron Inc. (NYSE:TXT)

Charles Schwab Investment Management Inc. increased its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,678,854 shares of the aerospace company's stock after acquiring an additional 7,610 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of Textron worth $128,416,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TXT. Bank of New York Mellon Corp raised its position in Textron by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,428,377 shares of the aerospace company's stock worth $109,257,000 after acquiring an additional 104,982 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Textron by 3.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 511,770 shares of the aerospace company's stock worth $39,145,000 after purchasing an additional 16,359 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Textron by 0.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 475,420 shares of the aerospace company's stock worth $36,365,000 after purchasing an additional 4,381 shares during the last quarter. Todd Asset Management LLC lifted its stake in Textron by 1.8% in the 4th quarter. Todd Asset Management LLC now owns 470,292 shares of the aerospace company's stock valued at $35,973,000 after buying an additional 8,198 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Textron by 18.0% in the 3rd quarter. Wellington Management Group LLP now owns 401,475 shares of the aerospace company's stock worth $35,563,000 after buying an additional 61,248 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

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Textron Trading Up 2.9 %

TXT stock traded up $2.13 during trading on Friday, reaching $75.50. 2,577,505 shares of the stock were exchanged, compared to its average volume of 1,398,059. The business has a 50 day moving average price of $75.33 and a 200-day moving average price of $81.78. Textron Inc. has a 1 year low of $70.14 and a 1 year high of $97.33. The company has a current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.60 EPS. On average, research analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Friday, March 14th. Textron's payout ratio is 1.86%.

Insider Activity at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the sale, the vice president now owns 18,223 shares in the company, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

TXT has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a report on Thursday, January 23rd. Citigroup reduced their price objective 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 raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. Bank of America lowered shares of Textron from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $110.00 to $85.00 in a report on Friday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Textron from $86.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.