Textron Inc. (NYSE:TXT) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Textron Inc. (NYSE:TXT) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,770 shares of the aerospace company’s stock after acquiring 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 quarter.

Several other large investors have also recently added to or reduced their stakes in TXT. Empirical Finance LLC boosted its holdings in Textron by 1.7% during the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock worth $624,000 after buying an additional 115 shares in the last quarter. Davis Investment Partners LLC grew its holdings in shares of Textron by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 14,828 shares of the aerospace company’s stock worth $1,290,000 after acquiring an additional 118 shares during the period. Apollon Wealth Management LLC increased its stake in Textron by 4.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock valued at $235,000 after purchasing an additional 125 shares in the last quarter. Pflug Koory LLC increased its stake in Textron by 0.9% in the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after purchasing an additional 125 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in Textron by 5.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 163 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Textron from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. TD Cowen upgraded shares of Textron to a “hold” rating in a research report on Thursday, December 19th. Barclays lowered their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Robert W. Baird cut their price objective on Textron from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Finally, Citigroup lowered their target price on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Price Performance

Shares of NYSE:TXT opened at $76.72 on Friday. The company has a market cap of $14.23 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.27 and a beta of 1.27. The business has a fifty day simple moving average of $79.44 and a 200-day simple moving average of $84.63. Textron Inc. has a 52 week low of $74.89 and a 52 week high of $97.33. 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 (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating 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 company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The firm’s revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that Textron Inc. will post 6.15 EPS for the current year.

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.