Robeco Institutional Asset Management B.V. Acquires 27,069 Shares of Textron Inc. (NYSE:TXT)

Robeco Institutional Asset Management B.V. increased its holdings in Textron Inc. (NYSE:TXT – Get Rating) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,719 shares of the aerospace company’s stock after purchasing an additional 27,069 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Textron worth $16,120,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXT. Teachers Retirement System of The State of Kentucky bought a new position in Textron during the third quarter valued at $1,163,000. CENTRAL TRUST Co increased its position in Textron by 100.0% during the third quarter. CENTRAL TRUST Co now owns 600 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 300 shares during the last quarter. Glenmede Trust Co. NA increased its position in Textron by 17.9% during the third quarter. Glenmede Trust Co. NA now owns 12,765 shares of the aerospace company’s stock valued at $743,000 after acquiring an additional 1,934 shares during the last quarter. Captrust Financial Advisors increased its position in Textron by 49.1% during the third quarter. Captrust Financial Advisors now owns 43,061 shares of the aerospace company’s stock valued at $2,509,000 after acquiring an additional 14,186 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in Textron by 3.2% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,581 shares of the aerospace company’s stock valued at $442,000 after acquiring an additional 233 shares during the last quarter. Institutional investors own 84.69% of the company’s stock.

Insider Buying and Selling

In related news, CEO Scott C. Donnelly sold 222,319 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $73.35, for a total value of $16,307,098.65. Following the completion of the sale, the chief executive officer now directly owns 683,136 shares of the company’s stock, valued at $50,108,025.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Scott C. Donnelly sold 222,319 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $73.35, for a total value of $16,307,098.65. Following the transaction, the chief executive officer now owns 683,136 shares in the company, valued at approximately $50,108,025.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Frank T. Connor sold 63,361 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $73.35, for a total transaction of $4,647,529.35. Following the completion of the transaction, the chief financial officer now owns 151,455 shares in the company, valued at approximately $11,109,224.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Textron Trading Down 1.9 %

NYSE TXT opened at $66.19 on Friday. The company’s 50-day moving average price is $71.99 and its 200-day moving average price is $68.45. The company has a current ratio of 2.19, a quick ratio of 1.22 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.48 billion, a PE ratio of 16.51, a PEG ratio of 1.22 and a beta of 1.49. Textron Inc. has a 12 month low of $57.11 and a 12 month high of $76.11.

Textron (NYSE:TXT – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The aerospace company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. Textron had a net margin of 6.69% and a return on equity of 12.50%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Textron Inc. will post 4.98 earnings per share for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, March 9th. Textron’s dividend payout ratio (DPR) is presently 2.00%.

Wall Street Analyst Weigh In

TXT has been the topic of a number of analyst reports. StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of Textron from $84.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, December 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.67.

About Textron

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Textron, Inc is a multi-industry company, which leverages a global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Textron eAviation.