California Public Employees Retirement System Purchases 9,155 Shares of Textron Inc. $TXT

California Public Employees Retirement System lifted its position in shares of Textron Inc. (NYSE:TXT) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,617 shares of the aerospace company’s stock after purchasing an additional 9,155 shares during the period. California Public Employees Retirement System owned 0.20% of Textron worth $30,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TXT. Motley Fool Asset Management LLC grew its holdings in Textron by 3.7% during 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 period. Parkside Financial Bank & Trust raised its stake in Textron by 22.3% in the fourth 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 period. Capital Management Corp VA raised its stake in 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 lifted its position 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 last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of Textron by 4.9% during the 1st 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 period. 86.03% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXT shares. Morgan Stanley set a $97.00 price target on Textron in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. UBS Group upped their price objective on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average target price of $103.10.

Textron Stock Performance

NYSE TXT opened at $90.46 on Wednesday. The company has a market capitalization of $15.73 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.36 and a beta of 0.90. Textron Inc. has a 12-month low of $75.80 and a 12-month high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $90.91 and a two-hundred day moving average price of $91.94.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping 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 return on equity of 14.56% and a net margin of 6.15%.The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s payout ratio 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 and secured Epic Flight Academy as the launch customer, with a purchase agreement for up to 50 aircraft. The deal adds visibility to future deliveries and underscores demand in the flight-training market. Epic Flight Academy Agrees to Purchase up to 50 Pipistrel Voyager Aircraft
• Positive Sentiment: Bell delivered its 700th Bell 505 helicopter at the Farnborough Airshow, a milestone that highlights continued demand for one of Textron’s key rotary-wing platforms. Bell Marks the Delivery of the 700th Bell 505 During Farnborough International Airshow
• Positive Sentiment: Investors are also focusing on Textron’s expanding role in global pilot training fleets, which could support longer-term revenue growth for the company’s aviation businesses. Investors May Respond To Textron (TXT) Expanding Its Role In Global Pilot Training Fleets
• Positive Sentiment: A separate note said Wall Street Zen upgraded Textron’s stock rating, which can support sentiment if investors view the company’s aviation pipeline more favorably. Textron (NYSE:TXT) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Textron is expected to report quarterly earnings on Tuesday, so some traders may be waiting for guidance and order commentary before committing to new positions. Textron (TXT) Expected to Announce Quarterly Earnings on Tuesday
• Neutral Sentiment: Commentary on new aircraft orders and Bell demand suggests the stock’s undervaluation argument remains intact, but the market may still be looking for stronger proof of sustained growth. Textron (TXT) On New Aircraft Orders And Bell Demand As Undervalued View Holds

Textron Company 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.