Robeco Institutional Asset Management B.V. Raises Stake in Textron Inc. (NYSE:TXT)

Robeco Institutional Asset Management B.V. increased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,770 shares of the aerospace company's stock after purchasing an additional 16,359 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.28% of Textron worth $39,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Textron in the fourth quarter worth about $11,523,000. National Bank of Canada FI lifted its holdings in shares of Textron by 161.8% in the third quarter. National Bank of Canada FI now owns 145,174 shares of the aerospace company's stock worth $12,860,000 after acquiring an additional 89,724 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of Textron by 1,757.6% in the third quarter. Vinva Investment Management Ltd now owns 72,446 shares of the aerospace company's stock worth $6,357,000 after acquiring an additional 68,546 shares during the last quarter. Wellington Management Group LLP raised 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 valued at $35,563,000 after buying an additional 61,248 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Textron in the 3rd quarter valued at approximately $4,588,000. Institutional investors own 86.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXT. Susquehanna dropped their price objective on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price target on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Citigroup dropped their price target on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley dropped 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 report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.45.

Textron Stock Down 0.2 %

TXT stock traded down $0.15 during midday trading on Friday, reaching $76.54. 840,204 shares of the company's stock traded hands, compared to its average volume of 1,429,240. The company has a market cap of $14.20 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.24 and a beta of 1.27. The firm's fifty day moving average price is $79.27 and its 200-day moving average price is $84.53. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. Textron Inc. has a 52 week low of $74.89 and a 52 week high of $97.33.

Textron (NYSE:TXT - Get Free Report) last announced 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 business had revenue of $3.61 billion during 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%. Textron's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.60 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.1 earnings per share for the current fiscal year.

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.