15,731 Shares in Textron Inc. $TXT Acquired by Perbak Capital Partners LLP

Perbak Capital Partners LLP acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,731 shares of the aerospace company’s stock, valued at approximately $1,329,000.

A number of other institutional investors have also recently added to or reduced their stakes in TXT. State Street Corp lifted its stake in Textron by 2.5% in the second quarter. State Street Corp now owns 9,007,450 shares of the aerospace company’s stock valued at $723,384,000 after buying an additional 217,401 shares during the last quarter. Invesco Ltd. grew its position in shares of Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares during the last quarter. Boston Partners grew its position in shares of Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after acquiring an additional 66,747 shares during the last quarter. LSV Asset Management increased its holdings in shares of Textron by 7.2% in the 2nd quarter. LSV Asset Management now owns 4,153,321 shares of the aerospace company’s stock worth $333,470,000 after acquiring an additional 279,237 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in shares of Textron by 19.9% in the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after acquiring an additional 451,017 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Down 0.5%

Textron stock opened at $91.11 on Friday. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $101.57. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.38 and a beta of 0.95. The company’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $87.28. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.

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

Textron Dividend Announcement

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

Insider Transactions at Textron

In other news, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the sale, the executive vice president owned 103,991 shares in the company, valued at $10,278,470.44. This represents a 21.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa M. Atherton sold 7,600 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.68, for a total value of $749,968.00. Following the transaction, the chief executive officer directly owned 29,473 shares of the company’s stock, valued at $2,908,395.64. This represents a 20.50% 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 three months. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. UBS Group lifted their price target on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Citigroup reduced their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Textron has an average rating of “Moderate Buy” and an average price target of $98.60.

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.