Textron Inc. $TXT Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Textron Inc. (NYSE:TXT) by 6.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 426,942 shares of the aerospace company’s stock after selling 28,411 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Textron were worth $37,383,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Motley Fool Asset Management LLC raised its holdings in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after acquiring an additional 106 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 119 shares in the last quarter. Capital Management Corp VA increased its position in Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after purchasing an additional 120 shares in the last quarter. Root Financial Partners LLC raised its stake in Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after purchasing an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TXT shares. Morgan Stanley set a $109.00 price target on shares of Textron in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Citigroup lifted their target price on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a report on Sunday. Finally, TD Cowen raised Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.80.

Textron Stock Up 0.0%

Shares of Textron stock opened at $90.93 on Monday. 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 cap of $15.81 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.36 and a beta of 0.90. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57. The business has a 50-day moving average price of $91.21 and a 200 day moving average price of $91.90.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $1.28 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts forecast that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

Insider Activity

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