Textron Inc. (NYSE:TXT) Position Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Textron Inc. (NYSE:TXT - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 527,731 shares of the aerospace company's stock after buying an additional 15,961 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Textron worth $38,129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Textron by 17.8% during the 4th quarter. Invesco Ltd. now owns 7,733,335 shares of the aerospace company's stock worth $591,523,000 after purchasing an additional 1,167,105 shares during the period. Boston Partners lifted its stake in shares of Textron by 4.7% during the 4th quarter. Boston Partners now owns 7,483,692 shares of the aerospace company's stock worth $572,465,000 after purchasing an additional 333,127 shares during the period. Geode Capital Management LLC lifted its stake in shares of Textron by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 4,595,861 shares of the aerospace company's stock worth $350,619,000 after purchasing an additional 164,964 shares during the period. Brandes Investment Partners LP lifted its stake in shares of Textron by 19.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company's stock worth $142,249,000 after purchasing an additional 302,712 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Textron by 9.4% during the 4th quarter. Northern Trust Corp now owns 1,803,778 shares of the aerospace company's stock worth $137,971,000 after purchasing an additional 155,384 shares during the period. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Stock Up 0.1%

NYSE:TXT traded up $0.08 on Friday, reaching $80.34. The stock had a trading volume of 2,416,825 shares, compared to its average volume of 1,258,815. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $74.05 and a 200 day moving average of $73.86. The stock has a market cap of $14.50 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $94.57.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. The company had revenue of $3.31 billion during the quarter, compared to analysts' expectations of $3.26 billion. Textron had a net margin of 5.98% and a return on equity of 14.77%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. On average, research analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. Textron's payout ratio is currently 1.81%.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of research analyst reports. UBS Group upped their price objective on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th. Morgan Stanley dropped their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group restated a "buy" rating and set a $95.00 price objective (up from $85.00) on shares of Textron in a report on Thursday, June 12th. Finally, Citigroup dropped their price objective on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One research 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. According to data from MarketBeat, Textron presently has an average rating of "Moderate Buy" and a consensus target price of $88.36.

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.