Stanley Laman Group Ltd. Has $3.48 Million Position in Textron Inc. (NYSE:TXT)

Stanley Laman Group Ltd. increased its stake in shares of Textron Inc. (NYSE:TXT) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,323 shares of the aerospace company’s stock after purchasing an additional 405 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Textron were worth $3,483,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TXT. Boston Partners raised its position in Textron by 1.4% during the first quarter. Boston Partners now owns 7,116,231 shares of the aerospace company’s stock valued at $682,475,000 after acquiring an additional 99,868 shares in the last quarter. LSV Asset Management raised its position in Textron by 6.9% during the first quarter. LSV Asset Management now owns 4,053,050 shares of the aerospace company’s stock valued at $388,809,000 after acquiring an additional 260,003 shares in the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 160,923 shares during the period. Brandes Investment Partners LP raised its position in shares of Textron by 20.0% in the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company’s stock valued at $133,096,000 after purchasing an additional 258,778 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Textron by 18.9% in the second quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company’s stock valued at $124,608,000 after purchasing an additional 231,173 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of recent analyst reports. TD Cowen lowered shares of Textron from a “buy” rating to a “hold” rating and dropped their price target for the company from $103.00 to $95.00 in a research report on Wednesday, September 25th. UBS Group boosted their target price on shares of Textron from $84.00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, July 19th. Bank of America boosted their target price on shares of Textron from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley downgraded shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price target on the stock. in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Textron from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Textron currently has a consensus rating of “Hold” and a consensus price target of $102.75.

Textron Stock Down 2.1 %

Shares of NYSE:TXT opened at $87.54 on Wednesday. Textron Inc. has a 52 week low of $74.13 and a 52 week high of $97.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.79. The company’s fifty day moving average is $87.89 and its 200-day moving average is $88.31. The company has a market capitalization of $16.40 billion, a PE ratio of 18.55, a P/E/G ratio of 1.47 and a beta of 1.23.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a dividend of $0.02 per share. The ex-dividend date was Friday, September 13th. This represents a $0.08 annualized dividend and a yield of 0.09%. Textron’s dividend payout ratio (DPR) is 1.69%.

About Textron

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.