Eurizon Capital SGR S.p.A. Takes $590,000 Position in Textron Inc. $TXT

Eurizon Capital SGR S.p.A. purchased a new stake in Textron Inc. (NYSE:TXT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,753 shares of the aerospace company’s stock, valued at approximately $590,000.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after acquiring an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position 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 worth $80,759,000 after purchasing an additional 734,478 shares during the period. Balyasny Asset Management L.P. bought a new position in Textron in the third quarter worth $56,255,000. SG Americas Securities LLC lifted its position 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 worth $37,439,000 after purchasing an additional 424,246 shares during the period. Finally, Millennium Management LLC lifted its position in Textron by 56.2% in the third quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock worth $78,258,000 after purchasing an additional 333,421 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE:TXT opened at $91.70 on Thursday. Textron Inc. has a twelve month low of $73.97 and a twelve month high of $101.57. The firm has a market cap of $15.95 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The business has a fifty day moving average of $90.45 and a 200-day moving average of $90.57.

Textron (NYSE:TXT) last announced its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.53%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TXT shares. JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. Wells Fargo & Company started coverage on Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price for the company. UBS Group raised their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein raised their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. One investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.18.

Insiders Place Their Bets

In other news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

About Textron

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.