Integrity Alliance LLC. purchased a new stake in Textron Inc. (NYSE:TXT – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,267 shares of the aerospace company’s stock, valued at approximately $546,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Textron by 2.4% during the third quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock worth $779,205,000 after purchasing an additional 212,857 shares during the period. Invesco Ltd. lifted its position in Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after purchasing an additional 140,713 shares during the period. Boston Partners lifted its position in Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after purchasing an additional 66,747 shares during the period. AQR Capital Management LLC lifted its position in Textron by 33.1% during the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock worth $298,239,000 after purchasing an additional 880,783 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Textron by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock worth $181,348,000 after purchasing an additional 138,128 shares during the period. Institutional investors own 86.03% of the company’s stock.
Insider Transactions at Textron
In related news, Director Thomas A. Kennedy bought 10,300 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents a 22.62% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by corporate insiders.
Textron Stock Down 0.1%
Textron (NYSE:TXT – Get Free Report) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron Inc. will post 6.6 EPS for the current fiscal year.
Textron Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is 1.53%.
Analyst Ratings Changes
TXT has been the subject of several recent analyst reports. Morgan Stanley set a $109.00 price objective on shares of Textron in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Sanford C. Bernstein upped their price objective 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, TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Textron has an average rating of “Hold” and an average target price of $101.18.
Textron 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.
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