Brandes Investment Partners LP Lowers Stake in Textron Inc. $TXT

Brandes Investment Partners LP lowered its position in shares of Textron Inc. (NYSE:TXT) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,735,047 shares of the aerospace company’s stock after selling 132,616 shares during the quarter. Textron accounts for about 1.8% of Brandes Investment Partners LP’s investment portfolio, making the stock its 13th largest position. Brandes Investment Partners LP’s holdings in Textron were worth $238,415,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TXT. Envestnet Asset Management Inc. raised its position in shares of Textron by 10.3% during the third quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock valued at $14,070,000 after buying an additional 15,550 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $1,988,000. New York State Teachers Retirement System raised its position in shares of Textron by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after buying an additional 15,159 shares during the last quarter. Perbak Capital Partners LLP bought a new stake in shares of Textron during the third quarter valued at approximately $1,329,000. Finally, Inceptionr LLC bought a new stake in shares of Textron during the third quarter valued at approximately $905,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 1.9%

Shares of TXT opened at $93.13 on Wednesday. The company’s fifty day moving average is $90.63 and its 200 day moving average is $90.90. Textron Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $101.57. The stock has a market capitalization of $16.19 billion, a PE ratio of 17.81, a P/E/G 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.

Textron (NYSE:TXT) last announced its quarterly 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. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. Textron’s quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.6 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, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is 1.53%.

Insiders Place Their Bets

In other Textron news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TXT shares. Citigroup lifted their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $109.00 price objective on shares of Textron in a research report on Monday, May 4th. Sanford C. Bernstein boosted their price target on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $101.18.

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.