Textron Inc. $TXT Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in shares of Textron Inc. (NYSE:TXT) by 68.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 38,782 shares of the aerospace company’s stock after acquiring an additional 15,712 shares during the period. IFM Investors Pty Ltd’s holdings in Textron were worth $3,396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in shares of Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after acquiring an additional 218,201 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Textron during the fourth quarter worth approximately $1,988,000. New York State Teachers Retirement System raised its stake in 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 worth $13,641,000 after purchasing an additional 15,159 shares during the period. Perbak Capital Partners LLP purchased a new position in Textron during the third quarter worth approximately $1,329,000. Finally, Inceptionr LLC acquired a new position in shares of Textron in the 3rd quarter valued at $905,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TXT shares. Wells Fargo & Company initiated coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective for the company. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. UBS Group lifted their target price on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Finally, TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.80.

Insider Buying and Selling at Textron

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction that occurred 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 transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $92.46 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The company’s fifty day moving average price is $90.97 and its two-hundred day moving average price is $91.77. The firm has a market capitalization of $16.08 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.38 and a beta of 0.90. Textron Inc. has a 12 month low of $75.80 and a 12 month high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is currently 1.53%.

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.