Ceeto Capital Group LLC Acquires New Shares in Textron Inc. $TXT

Ceeto Capital Group LLC acquired a new position in shares of Textron Inc. (NYSE:TXT) in the third quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the aerospace company’s stock, valued at approximately $845,000.

Several other large investors have also recently added to or reduced their stakes in TXT. AQR Capital Management LLC lifted its stake in Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after buying an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Textron during the third quarter worth about $56,255,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Textron by 62.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after acquiring an additional 471,274 shares during the period. Finally, Brandes Investment Partners LP lifted its position in Textron by 19.9% in the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock valued at $217,945,000 after purchasing an additional 451,017 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. UBS Group boosted their price objective on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Wednesday, February 18th. Finally, Sanford C. Bernstein raised their target price on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th. One 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Insider Transactions at Textron

In other news, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. This trade represents a 71.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa M. Atherton sold 7,600 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the sale, the chief executive officer directly owned 29,473 shares in the company, valued at $2,908,395.64. This represents a 20.50% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Textron Stock Performance

Shares of TXT opened at $91.11 on Friday. The firm has a market capitalization of $15.86 billion, a PE ratio of 17.83, a P/E/G ratio of 1.37 and a beta of 0.95. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $94.62 and a 200 day moving average price of $87.32. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57.

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

Textron Dividend Announcement

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