Bank of New York Mellon Corp Has $97.35 Million Position in Textron Inc. $TXT

Bank of New York Mellon Corp lessened its holdings in Textron Inc. (NYSE:TXT) by 1.8% in the first quarter, Holdings Channel reports. The institutional investor owned 1,111,860 shares of the aerospace company’s stock after selling 20,045 shares during the period. Bank of New York Mellon Corp’s holdings in Textron were worth $97,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXT. Motley Fool Asset Management LLC grew its stake in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 106 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Textron by 22.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after buying an additional 119 shares during the last quarter. Capital Management Corp VA increased its stake in shares of Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the period. Root Financial Partners LLC increased its stake in shares of Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares during the period. Finally, Essex Financial Services Inc. raised its position in shares of Textron by 4.9% during the first quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 127 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXT. Wall Street Zen raised Textron from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley set a $97.00 price target on shares of Textron in a report on Wednesday, July 15th. TD Cowen dropped their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Citigroup lifted their target price on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Textron has a consensus rating of “Moderate Buy” and a consensus price target of $103.10.

Textron Price Performance

TXT stock opened at $90.82 on Tuesday. 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 50-day moving average is $90.91 and its 200-day moving average is $91.92. The stock has a market capitalization of $15.79 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data 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. The firm had revenue of $3.69 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were paid a $0.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.53%.

More Textron News

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Textron’s Pipistrel unit launched the new Voyager training aircraft at EAA AirVenture, and Epic Flight Academy agreed to buy up to 50 units, including initial deliveries starting in 2027. That gives the new model a commercial customer and signals demand from flight schools. Article Title
• Positive Sentiment: Bell Textron announced delivery of its 700th Bell 505 helicopter at Farnborough, highlighting continued global demand for the platform and reinforcing strength in the company’s helicopter franchise. Article Title
• Positive Sentiment: Analysts and media commentary pointed to Textron’s new aircraft orders and Bell demand as evidence that the stock remains undervalued, which can support investor sentiment around the name. Article Title
• Neutral Sentiment: Additional coverage from Business Wire and other outlets repeated the Pipistrel Voyager launch and Epic Flight Academy order details, adding visibility but not new material information beyond the initial announcement.
• Neutral Sentiment: Textron was also noted to have received a stock rating upgrade from Wall Street Zen, though the article provided little detail on the rationale or broader impact.

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.