Textron Inc. $TXT Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of Textron Inc. (NYSE:TXT) by 21.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,355 shares of the aerospace company’s stock after buying an additional 90,200 shares during the period. Russell Investments Group Ltd.’s holdings in Textron were worth $42,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in shares of Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 237 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Textron in the second quarter valued at about $27,000. Quent Capital LLC purchased a new position in Textron in the third quarter valued at about $33,000. Finally, Accredited Wealth Management LLC grew its stake in Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 402 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Trading Up 0.8%

NYSE:TXT opened at $93.27 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $94.45 and its two-hundred day moving average is $87.18. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $101.57. The company has a market cap of $16.24 billion, a PE ratio of 18.25, a P/E/G ratio of 1.40 and a beta of 0.95.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. Textron had a net margin of 6.22% and a return on equity of 14.63%. Textron’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts predict that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.02 dividend. 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, March 13th. Textron’s payout ratio is currently 1.57%.

Insider Activity

In other Textron news, VP Mark S. Bamford sold 19,808 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the sale, the vice president directly owned 7,872 shares of the company’s stock, valued at approximately $771,141.12. This represents a 71.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP E Robert Lupone sold 28,056 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the completion of the transaction, the executive vice president owned 103,991 shares in the company, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,473 shares of company stock valued at $29,976,723 over the last quarter. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on TXT shares. Citigroup dropped their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. UBS Group raised their price target 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Wednesday, February 18th. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Textron in a report on Thursday, January 15th. One equities 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 company. According to data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.