Boston Partners Reduces Stake in Textron Inc. $TXT

Boston Partners lessened its position in shares of Textron Inc. (NYSE:TXT) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,235,722 shares of the aerospace company’s stock after selling 21,811 shares during the quarter. Boston Partners’ holdings in Textron were worth $630,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its stake in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Textron during the 4th quarter worth approximately $30,000. Accredited Wealth Management LLC lifted its position in Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the period. Assetmark Inc. lifted its position in Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Finally, Optiver Holding B.V. acquired a new stake in Textron during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE:TXT opened at $92.71 on Friday. The business has a fifty day simple moving average of $90.94 and a 200-day simple moving average of $91.08. Textron Inc. has a 52 week low of $75.80 and a 52 week 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 company has a market cap of $16.12 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.40 and a beta of 0.90.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 12th. Textron’s payout ratio is 1.53%.

Insider Transactions at Textron

In other news, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction on 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 transaction, the director owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Textron in a report on Monday, May 4th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Citigroup raised their price target on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Sanford C. Bernstein lifted their price objective on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

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.