Easterly Investment Partners LLC Trims Stake in Textron Inc. $TXT

Easterly Investment Partners LLC decreased its position in shares of Textron Inc. (NYSE:TXT) by 42.6% during the fourth quarter, Holdings Channel reports. The fund owned 30,390 shares of the aerospace company’s stock after selling 22,509 shares during the period. Easterly Investment Partners LLC’s holdings in Textron were worth $2,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Textron by 2.4% in the 3rd quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock worth $779,205,000 after buying an additional 212,857 shares during the last quarter. Invesco Ltd. grew its stake in shares of Textron by 1.7% in the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after buying an additional 140,713 shares during the last quarter. Boston Partners grew its stake in shares of Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after buying an additional 66,747 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Textron by 33.1% in the 3rd quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock worth $298,239,000 after buying an additional 880,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Textron by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock worth $181,348,000 after buying an additional 138,128 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TXT shares. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Textron in a research note on Monday, May 4th. Citigroup upped their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. upped their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein upped their price target on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.18.

Insider Buying and Selling at Textron

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of TXT opened at $91.86 on Monday. The business’s fifty day simple moving average is $90.32 and its two-hundred day simple moving average is $90.38. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12 month low of $72.76 and a 12 month high of $101.57. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.37 and a beta of 0.91.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business posted $1.28 EPS. The company’s 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. Research analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

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.