Brandywine Global Investment Management LLC grew its holdings in shares of Textron Inc. (NYSE:TXT) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 242,102 shares of the aerospace company’s stock after purchasing an additional 7,290 shares during the period. Brandywine Global Investment Management LLC’s holdings in Textron were worth $13,701,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Textron by 43.9% during the 4th quarter. Advisor Group Inc. now owns 8,351 shares of the aerospace company’s stock valued at $473,000 after acquiring an additional 2,549 shares during the last quarter. Profund Advisors LLC boosted its position in shares of Textron by 26.3% during the 4th quarter. Profund Advisors LLC now owns 8,480 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 1,765 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Textron by 303.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,243,400 shares of the aerospace company’s stock valued at $70,364,000 after acquiring an additional 935,100 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Textron by 39.3% during the 4th quarter. Scotia Capital Inc. now owns 12,797 shares of the aerospace company’s stock valued at $724,000 after acquiring an additional 3,613 shares during the last quarter. Finally, ETRADE Capital Management LLC boosted its position in shares of Textron by 13.4% during the 4th quarter. ETRADE Capital Management LLC now owns 10,805 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 1,274 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.
Textron Inc. (TXT) opened at $60.40 on Monday. The firm has a market capitalization of $15,810.00, a PE ratio of 28.22, a P/E/G ratio of 1.89 and a beta of 1.37. The company has a current ratio of 2.19, a quick ratio of 1.06 and a debt-to-equity ratio of 0.69. Textron Inc. has a 1-year low of $45.00 and a 1-year high of $62.19.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. Textron’s dividend payout ratio is 3.74%.
A number of analysts have recently issued reports on TXT shares. Zacks Investment Research downgraded Textron from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Wells Fargo & Co reissued an “outperform” rating and set a $67.00 price objective (up from $59.00) on shares of Textron in a report on Tuesday, January 16th. Stephens set a $65.00 price objective on Textron and gave the company a “hold” rating in a report on Thursday, January 11th. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Cowen reissued a “buy” rating and set a $70.00 price objective on shares of Textron in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $60.50.
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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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