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

Robeco Institutional Asset Management B.V. boosted its stake in Textron Inc. (NYSE:TXT - Free Report) by 13.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,411 shares of the aerospace company's stock after purchasing an additional 57,967 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.27% of Textron worth $43,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norden Group LLC bought a new position in shares of Textron during the 1st quarter valued at about $220,000. First Trust Direct Indexing L.P. bought a new stake in shares of Textron in the 1st quarter worth approximately $200,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Textron by 8.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,532 shares of the aerospace company's stock valued at $2,545,000 after purchasing an additional 2,004 shares in the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of Textron by 2,597.7% during the 1st quarter. Capstone Investment Advisors LLC now owns 3,480 shares of the aerospace company's stock valued at $334,000 after purchasing an additional 3,351 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Textron by 51.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,840 shares of the aerospace company's stock worth $848,000 after purchasing an additional 3,011 shares during the period. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Stock Performance

Shares of TXT stock traded up $4.56 during trading hours on Wednesday, reaching $87.90. The company had a trading volume of 1,699,331 shares, compared to its average volume of 1,083,080. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The business has a fifty day moving average price of $86.72 and a 200-day moving average price of $87.42. Textron Inc. has a one year low of $74.13 and a one year high of $97.33. The firm has a market cap of $16.31 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.48 and a beta of 1.24.

Textron (NYSE:TXT - Get Free Report) last announced its earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.09). The company had revenue of $3.43 billion for the quarter, compared to analysts' expectations of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. Textron's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 earnings per share. Sell-side analysts predict that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Friday, December 13th. Textron's dividend payout ratio (DPR) is presently 1.76%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TXT. TD Cowen cut Textron from a "buy" rating to a "hold" rating and reduced their price objective for the company from $103.00 to $95.00 in a research note on Wednesday, September 25th. UBS Group reduced their price target on Textron from $87.00 to $79.00 and set a "sell" rating on the stock in a research report on Friday, October 25th. Citigroup boosted their price objective on Textron from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. Bank of America raised their target price on shares of Textron from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Finally, Morgan Stanley downgraded Textron from an "overweight" rating to an "equal weight" rating and set a $95.00 price target on the stock. in a 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $101.56.

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.