Radnor Capital Management LLC Purchases New Holdings in Textron Inc. $TXT

Radnor Capital Management LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, Holdings Channel reports. The firm purchased 13,050 shares of the aerospace company’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Frisch Financial Group Inc. purchased a new stake in shares of Textron during the fourth quarter valued at approximately $206,000. HighTower Advisors LLC increased its position in shares of Textron by 3.5% during the fourth quarter. HighTower Advisors LLC now owns 39,696 shares of the aerospace company’s stock valued at $3,460,000 after acquiring an additional 1,356 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Textron by 1.3% during the fourth quarter. Gabelli Funds LLC now owns 990,040 shares of the aerospace company’s stock valued at $86,302,000 after acquiring an additional 12,788 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of Textron during the fourth quarter valued at approximately $533,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Textron in the 4th quarter worth approximately $30,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXT has been the topic of a number of research reports. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Citigroup lifted their price target on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. UBS Group lifted their price target on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein lifted their price target on shares of 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 assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

Insiders Place Their Bets

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction on 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. The trade was a 22.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Textron Trading Up 2.0%

Shares of TXT stock opened at $90.55 on Tuesday. The company’s fifty day simple moving average is $90.51 and its two-hundred day simple moving average is $89.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. Textron Inc. has a 1 year low of $72.00 and a 1 year high of $101.57. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.33 and a beta of 0.93.

Textron (NYSE:TXT) last issued its 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 net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

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 issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is presently 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.