Royal London Asset Management Ltd. Has $6.13 Million Holdings in Textron Inc. (NYSE:TXT)

Royal London Asset Management Ltd. decreased its position in Textron Inc. (NYSE:TXT - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 80,185 shares of the aerospace company's stock after selling 4,543 shares during the period. Royal London Asset Management Ltd.'s holdings in Textron were worth $6,133,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Boston Partners lifted its position in shares of Textron by 4.7% in the fourth quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock worth $572,465,000 after purchasing an additional 333,127 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Textron by 9.2% during the 4th quarter. Advisors Asset Management Inc. now owns 27,711 shares of the aerospace company's stock worth $2,120,000 after buying an additional 2,338 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of Textron by 14.7% during the 4th quarter. Cibc World Markets Corp now owns 29,350 shares of the aerospace company's stock worth $2,245,000 after buying an additional 3,763 shares during the last quarter. Sovereign Investment Advisors LLC bought a new position in shares of Textron in the 4th quarter valued at about $377,000. Finally, Brandes Investment Partners LP increased its position in shares of Textron by 19.4% in the fourth quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock valued at $142,249,000 after acquiring an additional 302,712 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

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Insider Buying and Selling at Textron

In other 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 directly owns 18,223 shares in the company, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

Textron Stock Performance

Shares of NYSE:TXT traded up $0.76 during trading on Tuesday, reaching $75.04. 488,203 shares of the stock were exchanged, compared to its average volume of 1,102,621. Textron Inc. has a 12 month low of $70.14 and a 12 month high of $97.34. The stock has a 50-day moving average price of $74.83 and a 200-day moving average price of $80.51. 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 cap of $13.63 billion, a PE ratio of 17.43, a PEG ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the firm posted $1.60 EPS. The company's revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TXT shares. Citigroup decreased 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. Robert W. Baird decreased their target price on shares of Textron from $100.00 to $92.00 and set an "outperform" rating for the company in a research note on Thursday, January 23rd. Susquehanna dropped their price target on shares of Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price objective on shares of Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Finally, Morgan Stanley lowered their price objective 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $93.45.

About Textron

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.