Textron Inc. (NYSE:TXT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,796,148 shares of the aerospace company's stock after selling 52,369 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.51% of Textron worth $213,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TXT. First Trust Advisors LP increased its holdings in shares of Textron by 11.3% during the 4th quarter. First Trust Advisors LP now owns 412,396 shares of the aerospace company's stock worth $31,544,000 after buying an additional 41,716 shares during the last quarter. Fidelity National Financial Inc. increased its stake in Textron by 30.4% during the fourth quarter. Fidelity National Financial Inc. now owns 300,000 shares of the aerospace company's stock worth $22,947,000 after acquiring an additional 70,000 shares during the last quarter. GeoWealth Management LLC increased its stake in Textron by 500.2% during the fourth quarter. GeoWealth Management LLC now owns 3,529 shares of the aerospace company's stock worth $270,000 after acquiring an additional 2,941 shares during the last quarter. Lodge Hill Capital LLC acquired a new position in shares of Textron in the 4th quarter valued at $12,036,000. Finally, Marshall Wace LLP purchased a new position in shares of Textron during the 4th quarter worth $22,370,000. Hedge funds and other institutional investors own 86.03% of the company's stock.

Insider Buying and Selling at Textron

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TXT. Vertical Research raised shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 target price for the company in a research note on Monday, January 6th. Citigroup lowered their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Susquehanna cut 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. JPMorgan Chase & Co. lowered their price target on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen raised Textron to a "hold" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $89.30.

Textron Stock Up 1.1 %

NYSE TXT traded up $0.78 on Monday, hitting $69.20. 292,775 shares of the stock were exchanged, compared to its average volume of 1,179,303. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $94.57. The company has a 50-day moving average price of $70.22 and a 200-day moving average price of $76.97. 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 company has a market cap of $12.57 billion, a PE ratio of 16.08, a PEG ratio of 1.18 and a beta of 1.06.

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, beating analysts' consensus estimates of $1.17 by $0.11. The company had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $3.26 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Sell-side analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Friday, June 13th. Textron's dividend payout ratio (DPR) is 1.81%.

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.