Miller Global Investments LLC Takes $692,000 Position in Textron Inc. $TXT

Miller Global Investments LLC bought a new position in Textron Inc. (NYSE:TXT) during the fourth quarter, Holdings Channel reports. The firm bought 7,943 shares of the aerospace company’s stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TXT. True Wealth Design LLC raised its position in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 237 shares in the last quarter. Quent Capital LLC purchased a new stake in Textron in the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC grew its stake in shares of Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 402 shares during the period. Private Trust Co. NA increased its holdings in shares of Textron by 155.6% during the 3rd quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Textron during the 2nd quarter valued at approximately $41,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Textron

In related news, Chairman Scott C. Donnelly sold 219,619 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the sale, the chairman directly owned 742,418 shares in the company, valued at approximately $73,061,355.38. The trade was a 22.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the transaction, the executive vice president directly owned 37,039 shares of the company’s stock, valued at approximately $3,655,749.30. This represents a 34.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 304,473 shares of company stock valued at $29,976,723. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TXT. Citigroup lowered their price target on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. UBS Group lifted their price objective on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Wednesday, February 18th. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Textron Stock Performance

TXT opened at $88.58 on Friday. The firm’s fifty day simple moving average is $94.65 and its two-hundred day simple moving average is $87.54. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.34 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.

Textron (NYSE:TXT) last released its 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). Textron had a return on equity of 14.63% and a net margin of 6.22%.The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the firm earned $1.34 EPS. The firm’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. Equities analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

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.