Vanguard Personalized Indexing Management LLC Purchases 1,859 Shares of Textron Inc. (NYSE:TXT)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Textron Inc. (NYSE:TXT) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,856 shares of the aerospace company’s stock after acquiring an additional 1,859 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Textron were worth $1,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TXT. Boston Partners raised its holdings in shares of Textron by 1.4% in the 1st quarter. Boston Partners now owns 7,116,231 shares of the aerospace company’s stock valued at $682,475,000 after purchasing an additional 99,868 shares during the period. LSV Asset Management raised its stake in Textron by 6.9% in the first quarter. LSV Asset Management now owns 4,053,050 shares of the aerospace company’s stock valued at $388,809,000 after buying an additional 260,003 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Textron by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,808,600 shares of the aerospace company’s stock valued at $241,152,000 after buying an additional 160,923 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Textron by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,398,779 shares of the aerospace company’s stock worth $120,099,000 after acquiring an additional 6,175 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Textron by 3.2% during the 2nd quarter. TD Asset Management Inc now owns 1,087,342 shares of the aerospace company’s stock worth $93,359,000 after acquiring an additional 33,394 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TXT. Morgan Stanley downgraded Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price target for the company. in a report on Thursday, August 8th. StockNews.com downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Citigroup increased their price target on shares of Textron from $111.00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 22nd. TD Cowen boosted their price objective on Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Bank of America increased their target price on Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

Textron Trading Down 1.2 %

Shares of NYSE:TXT opened at $87.91 on Friday. The business’s 50 day simple moving average is $88.80 and its 200 day simple moving average is $89.32. Textron Inc. has a 1 year low of $74.13 and a 1 year high of $97.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.79 and a quick ratio of 0.81. The company has a market capitalization of $16.76 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.40 and a beta of 1.23.

Textron (NYSE:TXT) last released its earnings results on Thursday, July 18th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.06. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.56 billion. Textron had a return on equity of 16.41% and a net margin of 6.67%. Textron’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. On average, research analysts anticipate that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Friday, September 13th. Textron’s dividend payout ratio (DPR) is presently 1.71%.

Textron Company 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.