Dimensional Fund Advisors LP Has $209.76 Million Position in Textron Inc. (NYSE:TXT)

Dimensional Fund Advisors LP cut its stake in shares of Textron Inc. (NYSE:TXT) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,557,013 shares of the aerospace company’s stock after selling 12,124 shares during the quarter. Dimensional Fund Advisors LP owned 1.39% of Textron worth $209,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in TXT. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Textron by 6.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,378 shares of the aerospace company’s stock worth $813,000 after acquiring an additional 924 shares during the last quarter. MRJ Capital Inc. lifted its holdings in shares of Textron by 1.8% in the 4th quarter. MRJ Capital Inc. now owns 83,500 shares of the aerospace company’s stock worth $4,725,000 after acquiring an additional 1,500 shares during the last quarter. Brinker Capital Inc. lifted its holdings in shares of Textron by 17.4% in the 1st quarter. Brinker Capital Inc. now owns 55,224 shares of the aerospace company’s stock worth $3,257,000 after acquiring an additional 8,197 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Textron by 7.1% in the 4th quarter. Gabelli Funds LLC now owns 1,070,500 shares of the aerospace company’s stock worth $60,580,000 after acquiring an additional 70,500 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Textron by 2.0% in the 1st quarter. BlackRock Inc. now owns 19,225,987 shares of the aerospace company’s stock worth $1,133,757,000 after acquiring an additional 374,087 shares during the last quarter. Institutional investors and hedge funds own 83.98% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Stephens set a $66.00 price objective on shares of Textron and gave the stock a “hold” rating in a report on Monday, April 16th. ValuEngine lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Barclays boosted their price objective on shares of Textron from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, April 19th. Citigroup boosted their price objective on shares of Textron from $61.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. Finally, Morgan Stanley lowered their price objective on shares of Textron from $60.00 to $59.00 and set a “hold” rating for the company in a report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Textron presently has a consensus rating of “Buy” and an average price target of $68.67.



NYSE:TXT opened at $67.49 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.31 and a quick ratio of 1.09. The firm has a market cap of $17.64 billion, a P/E ratio of 27.55, a PEG ratio of 1.92 and a beta of 1.39. Textron Inc. has a 52 week low of $45.00 and a 52 week high of $69.36.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, April 18th. The aerospace company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.26. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.06 billion. Textron had a net margin of 2.74% and a return on equity of 12.65%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. equities research analysts expect that Textron Inc. will post 3.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Thursday, June 14th. Textron’s payout ratio is currently 3.27%.

In other news, CEO Scott C. Donnelly sold 11,988 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $61.60, for a total value of $738,460.80. Following the sale, the chief executive officer now directly owns 715,106 shares of the company’s stock, valued at approximately $44,050,529.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott C. Donnelly sold 158,237 shares of the company’s stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $63.05, for a total transaction of $9,976,842.85. Following the completion of the sale, the chief executive officer now directly owns 715,106 shares in the company, valued at $45,087,433.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,225 shares of company stock worth $15,754,504. Insiders own 1.20% of the company’s stock.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

Institutional Ownership by Quarter for Textron (NYSE:TXT)

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