BlackRock Amends Textron Stake, Maintains Significant Holding
Ticker: TXT · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Textron ownership, still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of Textron Inc. common stock as of December 31, 2023. This filing, Amendment No. 9, shows BlackRock continues to be a significant institutional holder, which matters to investors as large institutional ownership can signal confidence in the company's long-term prospects and stability, potentially influencing stock price and liquidity.
Why It Matters
This filing confirms BlackRock's continued substantial investment in Textron, providing a degree of institutional validation for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a positive signal of institutional confidence, but should conduct their own due diligence on Textron's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Textron Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
- Amendment No. 9 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to hold a significant stake in Textron Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is TEXTRON INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEXTRON INC' and '(Name of Issuer) TEXTRON INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Textron Inc. is 883203101, as listed under '(CUSIP Number) 883203101'.
From the Filing
EDGAR Filing Documents for 0001086364-24-003201 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003201 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:48 Documents 1 Document Format Files Seq Description Document Type Size 1 us8832031012_012524.txt SC 13G/A 11902 Complete submission text file 0001086364-24-003201.txt 13756 Mailing Address 40 WESTMINSTER ST PROVIDENCE RI 02903 Business Address 40 WESTMINSTER ST PROVIDENCE RI 02903 4014212800 TEXTRON INC (Subject) CIK : 0000217346 (see all company filings) EIN. : 050315468 | State of Incorp.: DE | Fiscal Year End: 1230 Type: SC 13G/A | Act: 34 | File No.: 005-17699 | Film No.: 24560993 SIC : 3720 Aircraft & Parts (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)