Savant Capital LLC Has $1.10 Million Stock Holdings in Textron Inc. $TXT

Savant Capital LLC cut its stake in Textron Inc. (NYSE:TXT) by 33.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,596 shares of the aerospace company’s stock after selling 6,352 shares during the quarter. Savant Capital LLC’s holdings in Textron were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. raised its holdings in Textron by 16.1% in the 4th quarter. Moors & Cabot Inc. now owns 5,935 shares of the aerospace company’s stock valued at $517,000 after acquiring an additional 822 shares in the last quarter. Intech Investment Management LLC grew its position in Textron by 238.3% during the 4th quarter. Intech Investment Management LLC now owns 48,883 shares of the aerospace company’s stock worth $4,261,000 after acquiring an additional 34,432 shares during the last quarter. Integrity Alliance LLC. bought a new stake in Textron during the 4th quarter worth $546,000. AlphaQuest LLC grew its position in Textron by 154.8% during the 4th quarter. AlphaQuest LLC now owns 37,364 shares of the aerospace company’s stock worth $3,257,000 after acquiring an additional 22,702 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its position in Textron by 23.3% during the 4th quarter. Bleakley Financial Group LLC now owns 14,207 shares of the aerospace company’s stock worth $1,238,000 after acquiring an additional 2,687 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Performance

Shares of TXT opened at $89.81 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.37 and a beta of 0.91. The stock has a 50 day moving average of $90.34 and a 200 day moving average of $90.44. Textron Inc. has a 12 month low of $72.76 and a 12 month high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Insider Buying and Selling

In other Textron news, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TXT. Citigroup boosted their price objective on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Wells Fargo & Company began coverage on Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $109.00 price target on Textron in a research report on Monday, May 4th. Finally, Sanford C. Bernstein raised their price objective on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Textron currently has an average rating of “Hold” and a consensus price target of $101.18.

Textron Profile

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.