10,712 Shares in Textron Inc. $TXT Acquired by Inceptionr LLC

Inceptionr LLC bought a new position in shares of Textron Inc. (NYSE:TXT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,712 shares of the aerospace company’s stock, valued at approximately $905,000.

A number of other institutional investors also recently added to or reduced their stakes in TXT. Private Advisor Group LLC raised its stake in shares of Textron by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 15,337 shares of the aerospace company’s stock worth $1,296,000 after acquiring an additional 823 shares in the last quarter. Vinva Investment Management Ltd increased its position in shares of Textron by 1.1% during the third quarter. Vinva Investment Management Ltd now owns 177,523 shares of the aerospace company’s stock worth $14,917,000 after purchasing an additional 1,903 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Textron by 29.5% during the 3rd quarter. Natixis Advisors LLC now owns 274,188 shares of the aerospace company’s stock valued at $23,166,000 after purchasing an additional 62,523 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Textron in the 3rd quarter worth $3,592,000. Finally, First Trust Advisors LP grew its stake in Textron by 6.4% during the 3rd quarter. First Trust Advisors LP now owns 387,023 shares of the aerospace company’s stock worth $32,699,000 after buying an additional 23,191 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In other Textron news, Chairman Scott C. Donnelly sold 219,619 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the transaction, the chairman owned 742,418 shares in the company, valued at approximately $73,061,355.38. This represents a 22.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mark S. Bamford sold 19,808 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total value of $1,940,391.68. Following the completion of the sale, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 304,473 shares of company stock worth $29,976,723 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of research analyst reports. UBS Group increased their price target on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Sanford C. Bernstein boosted their target price 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, Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Textron in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Textron has an average rating of “Moderate Buy” and a consensus price target of $98.60.

Textron Stock Performance

Shares of NYSE TXT opened at $94.14 on Tuesday. The company has a market capitalization of $16.39 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. The company’s fifty day moving average price is $94.24 and its 200 day moving average price is $87.06. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, March 13th. Textron’s payout ratio is currently 1.57%.

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.