Textron Inc. $TXT Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Textron Inc. (NYSE:TXT) by 156.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,451 shares of the aerospace company’s stock after acquiring an additional 8,807 shares during the period. Intech Investment Management LLC’s holdings in Textron were worth $1,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after purchasing an additional 1,709 shares during the last quarter. Empowered Funds LLC increased its stake in Textron by 6.3% in the first 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 during the last quarter. Focus Partners Wealth lifted its position in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares during the period. Sivia Capital Partners LLC purchased a new position in Textron during the second quarter worth about $453,000. Finally, Envestnet Asset Management Inc. boosted its stake in Textron by 14.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 150,982 shares of the aerospace company’s stock worth $12,122,000 after buying an additional 19,009 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP E Robert Lupone sold 28,056 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total value of $2,773,055.04. Following the transaction, the executive vice president owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. This trade represents a 21.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president owned 7,872 shares in the company, valued at $771,141.12. The trade was a 71.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,473 shares of company stock valued at $29,976,723 over the last quarter. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

TXT has been the subject of several recent analyst reports. Morgan Stanley set a $92.00 price target on Textron in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. UBS Group upped their price target on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average target price of $98.60.

Textron Stock Performance

Shares of NYSE:TXT opened at $95.01 on Friday. The business has a 50-day moving average of $94.14 and a two-hundred day moving average of $86.90. The firm has a market capitalization of $16.55 billion, a PE ratio of 18.59, a P/E/G ratio of 1.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, March 13th. Textron’s payout ratio is 1.57%.

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.