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

Robeco Institutional Asset Management B.V. boosted its holdings in Textron Inc. (NYSE:TXT) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor 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.’s holdings in Textron were worth $39,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXT. True Wealth Design LLC purchased a new position in shares of Textron in the 3rd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new position in Textron in the third quarter valued at about $42,000. Truvestments Capital LLC acquired a new position in shares of Textron during the third quarter worth about $43,000. Eastern Bank acquired a new position in shares of Textron during the fourth quarter worth about $42,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Textron by 69.5% in the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after buying an additional 232 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TXT. Bank of America lowered Textron from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $85.00 in a research report on Friday, January 24th. UBS Group decreased their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Robert W. Baird dropped 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 objective on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Finally, Susquehanna dropped their target price on Textron from $100.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.45.

Textron Trading Up 0.7 %

NYSE:TXT opened at $76.72 on Friday. The company has a market cap of $14.23 billion, a PE ratio of 17.80, a P/E/G ratio of 1.27 and a beta of 1.27. The business’s 50 day moving average is $79.44 and its two-hundred day moving average is $84.63. 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) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.78 billion. During the same period last year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts predict that Textron Inc. will post 6.15 EPS for the current year.

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.