Teacher Retirement System of Texas acquired a new position in shares of Textron Inc. (NYSE:TXT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 120,396 shares of the aerospace company’s stock, valued at approximately $6,487,000.

Other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in Textron by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,226 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 26 shares in the last quarter. Intrust Bank NA lifted its holdings in Textron by 0.6% during the second quarter. Intrust Bank NA now owns 5,892 shares of the aerospace company’s stock worth $277,000 after acquiring an additional 33 shares in the last quarter. Veritable L.P. lifted its holdings in Textron by 0.3% during the second quarter. Veritable L.P. now owns 12,868 shares of the aerospace company’s stock worth $606,000 after acquiring an additional 44 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its holdings in Textron by 1.6% during the second quarter. Canandaigua National Bank & Trust Co. now owns 4,815 shares of the aerospace company’s stock worth $227,000 after acquiring an additional 75 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Textron by 0.4% during the second quarter. CIBC Asset Management Inc now owns 25,070 shares of the aerospace company’s stock worth $1,181,000 after acquiring an additional 98 shares in the last quarter. 81.49% of the stock is owned by institutional investors and hedge funds.

TXT has been the topic of several recent analyst reports. Zacks Investment Research lowered Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine upgraded Textron from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of Textron in a report on Tuesday, September 26th. Wells Fargo & Company lifted their target price on Textron from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Citigroup Inc. lifted their target price on Textron from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Textron has a consensus rating of “Hold” and a consensus target price of $56.92.

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Shares of Textron Inc. (NYSE:TXT) opened at $52.97 on Friday. The company has a market capitalization of $13,953.36, a PE ratio of 21.10, a PEG ratio of 2.43 and a beta of 1.58. Textron Inc. has a twelve month low of $43.66 and a twelve month high of $55.80. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.67.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 19th. The aerospace company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.55 billion. Textron had a return on equity of 12.02% and a net margin of 4.48%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. sell-side analysts anticipate that Textron Inc. will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.08 annualized dividend and a yield of 0.15%. Textron’s payout ratio is presently 3.45%.

Textron Profile

Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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