Lombard Odier Asset Management Switzerland SA Increases Stock Holdings in Textron Inc. $TXT

Lombard Odier Asset Management Switzerland SA grew its stake in shares of Textron Inc. (NYSE:TXT) by 244.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,475 shares of the aerospace company’s stock after buying an additional 40,800 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Textron were worth $5,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 buying an additional 1,709 shares in the last quarter. Empowered Funds LLC lifted its position in shares of 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 buying an additional 1,265 shares in the last quarter. Focus Partners Wealth lifted its position in shares of 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 buying an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Textron during the 2nd quarter valued at about $453,000. Finally, Baird Financial Group Inc. lifted its position in shares of 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 buying an additional 2,548 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Down 0.0%

NYSE TXT opened at $93.74 on Wednesday. The stock’s 50 day moving average is $91.17 and its 200 day moving average is $91.29. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12 month low of $75.80 and a 12 month high of $101.57. The stock has a market cap of $16.30 billion, a PE ratio of 17.92, a P/E/G ratio of 1.40 and a beta of 0.90.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping 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 company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the firm earned $1.28 EPS. The firm’s 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. Research analysts predict that Textron Inc. will post 6.6 EPS for the current fiscal 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 issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is currently 1.53%.

Insider Buying and Selling

In other news, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TXT. UBS Group lifted their price objective on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Citigroup boosted their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Morgan Stanley set a $109.00 price target on Textron in a report on Monday, May 4th. Finally, TD Cowen raised Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

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.