Textron Inc. $TXT Stock Holdings Lowered by Swiss National Bank

Swiss National Bank cut its holdings in shares of Textron Inc. (NYSE:TXT) by 5.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 520,389 shares of the aerospace company’s stock after selling 29,500 shares during the period. Swiss National Bank’s holdings in Textron were worth $43,968,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after buying an additional 1,709 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after acquiring an additional 1,265 shares during the last quarter. Focus Partners Wealth raised its position in shares of Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after purchasing an additional 735 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Textron in the 2nd quarter valued at $453,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Textron in the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Down 2.0%

TXT stock opened at $91.43 on Friday. The company has a 50 day moving average of $94.54 and a two-hundred day moving average of $87.21. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.41 and a beta of 0.95. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The company’s 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, equities analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Wednesday, February 18th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. UBS Group lifted their price objective on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Morgan Stanley set a $92.00 target price on shares of Textron in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.60.

Insider Buying and Selling

In other news, Chairman Scott C. Donnelly sold 219,619 shares of Textron stock in a transaction dated 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 completion of the sale, the chairman directly owned 742,418 shares in the company, valued at $73,061,355.38. The trade was a 22.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP E Robert Lupone sold 28,056 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the sale, the executive vice president directly owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 304,473 shares of company stock worth $29,976,723. Insiders own 1.70% of the company’s stock.

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.