5 Big Financial Institutions Sell Textron Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Textron Inc. (NYSE:TXT).

SEC data indicate that these institutions significantly reduced their stock shares of Textron Inc. in Q3 2011:

  • CITADEL ADVISORS LLC: On 06/30/2011, held 1,433,822 shares, worth $33,809,523. On 09/30/2011, held 0 shares.
  • GREAT LAKES ADVISORS INC: On 06/30/2011, held 1,094,313 shares, worth $25,803,901. On 09/30/2011, held 0 shares.
  • PLURAL INVESTMENTS, LLC: On 06/30/2011, held 418,953 shares, worth $9,878,912. On 09/30/2011, held 0 shares.
  • SCOUT INVESTMENTS, INC.: On 06/30/2011, held 311,647 shares, worth $7,348,636. On 09/30/2011, held 0 shares.
  • WEISS MULTI-STRATEGY ADVISERS LLC: On 06/30/2011, held 190,000 shares, worth $4,480,200. On 09/30/2011, held 0 shares.

About the company: Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. The Company’s products include airplanes, helicopters, weapons, and automotive products. Textron’s finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital.

Competitors to Watch: The Boeing Company (NYSE:BA), General Electric Company (NYSE:GE), Embraer SA (NYSE:ERJ), 3M Company (NYSE:MMM), Spirit AeroSystems Hldgs., Inc. (NYSE:SPR), Honeywell Intl. Inc. (NYSE:HON), Tyco International Ltd. (NYSE:TYC), Carlisle Companies, Inc. (NYSE:CSL), United Technologies Corp. (NYSE:UTX), and Siemens AG (NYSE:SI).

(Note: Data regarding Textron Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>