Sei Investments Co. Has $5.36 Million Stock Position in Textron Inc. (NYSE:TXT)

Sei Investments Co. cut its position in Textron Inc. ( NYSE:TXT – Free Report ) by 42.

0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,028 shares of the aerospace company’s stock after selling 50,610 shares during the period. Sei Investments Co.



’s holdings in Textron were worth $5,356,000 at the end of the most recent reporting period. Several other large investors also recently made changes to their positions in TXT. Raymond James Financial Inc.

bought a new stake in shares of Textron during the fourth quarter valued at approximately $41,451,000. Boston Partners grew its position in Textron by 4.7% in the 4th quarter.

Boston Partners now owns 7,483,692 shares of the aerospace company’s stock valued at $572,465,000 after purchasing an additional 333,127 shares during the period. Brandes Investment Partners LP increased its stake in Textron by 19.4% during the 4th quarter.

Brandes Investment Partners LP now owns 1,859,703 shares of the aerospace company’s stock valued at $142,249,000 after purchasing an additional 302,712 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Textron in the fourth quarter valued at $11,523,000. Finally, Wealthfront Advisers LLC grew its holdings in shares of Textron by 384.

7% during the fourth quarter. Wealthfront Advisers LLC now owns 175,347 shares of the aerospace company’s stock valued at $13,412,000 after buying an additional 139,173 shares during the last quarter. 86.

03% of the stock is currently owned by institutional investors and hedge funds. Textron Stock Down 0.1 % Textron stock opened at $72.

15 on Wednesday. The firm has a 50 day moving average price of $74.17 and a 200-day moving average price of $79.

96. The company has a quick ratio of 0.84, a current ratio of 1.

76 and a debt-to-equity ratio of 0.45. Textron Inc.

has a twelve month low of $70.14 and a twelve month high of $97.34.

The company has a market capitalization of $13.10 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.

18 and a beta of 1.27. Textron Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st.

Shareholders of record on Friday, March 14th were issued a dividend of $0.02 per share. This represents a $0.

08 annualized dividend and a yield of 0.11%. The ex-dividend date was Friday, March 14th.

Textron’s dividend payout ratio (DPR) is presently 1.86%. Insider Transactions at Textron In other Textron news, VP Mark S.

Bamford sold 5,451 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.

68. Following the sale, the vice president now owns 18,223 shares in the company, valued at $1,324,447.64.

This represents a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .

Corporate insiders own 1.70% of the company’s stock. Analyst Ratings Changes Several equities research analysts have recently commented on the stock.

Citigroup decreased their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st.

Morgan Stanley dropped their target price on Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd.

TD Cowen raised Textron to a “hold” rating in a research report on Monday, February 24th. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Monday, January 6th.

Finally, Bank of America lowered shares of Textron from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $85.00 in a research note on Friday, January 24th.

One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average price target of $93.

45. Get Our Latest Research Report on Textron Textron Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter .

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