Mercer Global Advisors Inc. ADV Has $3.06 Million Holdings in Textron Inc. (NYSE:TXT)

Mercer Global Advisors Inc. ADV lessened its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,051 shares of the aerospace company's stock after selling 19,681 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Textron were worth $3,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. raised its position in shares of Textron by 10.3% in the third quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company's stock valued at $14,505,000 after buying an additional 15,294 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Textron during the 4th quarter worth approximately $11,523,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Textron by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,147 shares of the aerospace company's stock valued at $2,000,000 after buying an additional 1,527 shares in the last quarter. Czech National Bank lifted its position in shares of Textron by 5.4% during the fourth quarter. Czech National Bank now owns 40,223 shares of the aerospace company's stock worth $3,077,000 after purchasing an additional 2,056 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in shares of Textron in the fourth quarter worth $479,000. Hedge funds and other institutional investors own 86.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price objective on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Morgan Stanley cut their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Citigroup decreased their target price on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group upped their target price on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. Finally, TD Cowen raised shares of Textron to a "hold" rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Textron presently has an average rating of "Hold" and a consensus target price of $87.70.

Textron Trading Up 0.2 %

Shares of TXT stock traded up $0.14 during trading hours on Friday, reaching $72.36. 1,146,176 shares of the stock traded hands, compared to its average volume of 1,192,436. The firm has a market capitalization of $13.06 billion, a PE ratio of 16.79, a PEG ratio of 1.18 and a beta of 1.20. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $94.57. The company has a quick ratio of 0.84, a current ratio of 1.76 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average price of $69.78 and a 200 day moving average price of $75.82.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.26 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. Textron's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. On average, equities research analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron's payout ratio is 1.81%.

Insider Buying and Selling

In other news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the transaction, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This represents a 23.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

About Textron

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.