M&T Bank Corp Sells 5,385 Shares of Textron Inc. $TXT

M&T Bank Corp reduced its stake in shares of Textron Inc. (NYSE:TXT) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,129 shares of the aerospace company’s stock after selling 5,385 shares during the quarter. M&T Bank Corp’s holdings in Textron were worth $621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXT. AQR Capital Management LLC boosted 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 acquiring an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Textron in the third quarter valued at approximately $56,255,000. SG Americas Securities LLC boosted its stake in Textron by 8,087.0% in the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock valued at $37,439,000 after acquiring an additional 424,246 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Textron by 56.2% in the third quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock valued at $78,258,000 after acquiring an additional 333,421 shares during the last quarter. 86.03% of the stock is owned by institutional investors.

Key Stories Impacting Textron

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Q1 results beat and revenue/earnings momentum — Textron reported stronger-than-expected Q1 revenue and EPS, with double-digit year-over-year revenue growth and updated FY‑2026 EPS guidance roughly in line with Street estimates; management emphasized defense and aviation demand. Press Release
• Positive Sentiment: Analyst upgrade — TD Cowen upgraded TXT from Hold to Buy, which can support share price and attract new buyers. The Fly
• Positive Sentiment: Insider buying — Director Thomas A. Kennedy purchased 10,300 shares at about $96, increasing his stake substantially; insider buys are often read as management confidence in near‑to‑midterm prospects. SEC Form 4
• Positive Sentiment: Business win in autonomous logistics — Bell (a Textron company) was selected as a partner for an uncrewed logistics program for the U.S. Marine Corps, underlining defense/technology demand. Financial Post
• Neutral Sentiment: Intent to separate Industrial segment — Management announced plans to separate the Industrial segment (sale or tax-free spinoff possible), aiming to create a purer aerospace & defense company and unlock value; this is strategic but creates near-term execution and structural questions. Business Wire
• Neutral Sentiment: Market/analysis coverage: deep dives and call takeaways — Multiple outlets and the earnings call highlighted defense momentum and industrial separation plans; these provide transparency but also emphasize timing (12–18 months) and steps ahead. MSN deep dive
• Negative Sentiment: Separation execution/timing risk — Coverage stresses the 12–18 month window and potential options (sale vs. tax-free spinoff); investors may sell into uncertainty about value realization, tax implications, and one‑time costs. Seeking Alpha

Insider Buying and Selling

In related 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 transaction of $2,773,055.04. Following the sale, the executive vice president directly owned 103,991 shares in the company, valued at $10,278,470.44. This trade represents a 21.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark S. Bamford sold 19,808 shares of the business’s 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 completion of the sale, the vice president directly owned 7,872 shares in the company, valued at $771,141.12. This represents a 71.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 304,473 shares of company stock valued at $29,976,723. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TXT. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Citigroup raised their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Wells Fargo & Company began coverage on shares of Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group reduced their price objective on shares of Textron from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.18.

Textron Trading Down 1.3%

TXT opened at $94.71 on Friday. The firm’s fifty day moving average is $92.01 and its two-hundred day moving average is $88.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.70. The firm has a market cap of $16.49 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Textron Inc. has a twelve month low of $69.46 and a twelve month high of $101.57.

Textron (NYSE:TXT) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.52 EPS for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) 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.