Textron Inc. $TXT Stock Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Textron Inc. (NYSE:TXT) by 238.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,883 shares of the aerospace company’s stock after buying an additional 34,432 shares during the period. Intech Investment Management LLC’s holdings in Textron were worth $4,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Textron by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after purchasing an additional 1,709 shares in the last quarter. Empowered Funds LLC boosted its stake in Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after purchasing an additional 1,265 shares in the last quarter. Focus Partners Wealth boosted its stake in Textron by 18.0% during the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 735 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Textron during the 2nd quarter valued at $453,000. Finally, Baird Financial Group Inc. boosted its stake in Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after purchasing an additional 2,548 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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 note on Thursday, February 19th. Citigroup raised their price objective on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company assumed coverage on Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective for the company. One 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 stock. According to MarketBeat, Textron has an average rating of “Hold” and a consensus target price of $101.18.

Insiders Place Their Bets

In other news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the acquisition, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is owned by corporate insiders.

Textron Price Performance

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

Textron (NYSE:TXT) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (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 analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts forecast that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.53%.

Textron Company 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.