Boston Partners Has $572.47 Million Stock Position in Textron Inc. (NYSE:TXT)

Boston Partners lifted its stake in Textron Inc. (NYSE:TXT - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,483,692 shares of the aerospace company's stock after acquiring an additional 333,127 shares during the period. Boston Partners owned approximately 4.03% of Textron worth $572,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Merit Financial Group LLC grew its stake in shares of Textron by 5.9% in the fourth quarter. Merit Financial Group LLC now owns 4,784 shares of the aerospace company's stock worth $366,000 after acquiring an additional 265 shares during the last quarter. Empowered Funds LLC boosted its stake in Textron by 28.6% during the fourth quarter. Empowered Funds LLC now owns 20,132 shares of the aerospace company's stock worth $1,540,000 after buying an additional 4,480 shares in the last quarter. Franklin Resources Inc. boosted its stake in Textron by 10.3% during the third quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company's stock worth $14,505,000 after buying an additional 15,294 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Textron by 44.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,390 shares of the aerospace company's stock worth $1,343,000 after buying an additional 5,367 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in Textron by 1.8% during the fourth quarter. Todd Asset Management LLC now owns 470,292 shares of the aerospace company's stock worth $35,973,000 after buying an additional 8,198 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

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Textron Price Performance

Shares of Textron stock traded down $0.42 during trading on Friday, reaching $73.07. The company's stock had a trading volume of 3,154,087 shares, compared to its average volume of 1,098,550. The stock has a market capitalization of $13.27 billion, a P/E ratio of 16.95, a price-to-earnings-growth 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 current ratio of 1.76, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $74.88 and a two-hundred day moving average price of $80.71.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. As a group, sell-side analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

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

Insider Transactions at Textron

In related news, VP Mark S. Bamford sold 5,451 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Robert W. Baird decreased their price target on shares of Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, January 23rd. 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. Citigroup decreased their price target on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, TD Cowen raised Textron to a "hold" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.