TD Asset Management Inc Sells 88,796 Shares of Textron Inc. $TXT

TD Asset Management Inc cut its holdings in Textron Inc. (NYSE:TXT) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 543,237 shares of the aerospace company’s stock after selling 88,796 shares during the period. TD Asset Management Inc’s holdings in Textron were worth $47,354,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Lido Advisors LLC increased its stake in shares of Textron by 7.5% in the fourth quarter. Lido Advisors LLC now owns 4,662 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 326 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Textron by 78.7% in the fourth quarter. Sivia Capital Partners LLC now owns 10,173 shares of the aerospace company’s stock worth $887,000 after purchasing an additional 4,480 shares during the period. CIBC Asset Management Inc increased its stake in shares of Textron by 63.7% in the fourth quarter. CIBC Asset Management Inc now owns 42,086 shares of the aerospace company’s stock worth $3,669,000 after purchasing an additional 16,376 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Textron by 3.6% in the fourth quarter. Natixis Advisors LLC now owns 284,012 shares of the aerospace company’s stock worth $24,757,000 after purchasing an additional 9,824 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Trading Up 0.1%

Shares of TXT opened at $91.21 on Friday. Textron Inc. has a 12-month low of $75.04 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. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.36 and a beta of 0.90. The stock’s 50-day moving average price is $90.47 and its 200 day moving average price is $90.65.

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

Textron Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Citigroup lifted 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. UBS Group lifted their price objective on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $101.18.

Insider Activity

In other Textron news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

About Textron

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.