Ieq Capital LLC Has $31.91 Million Stake in Textron Inc. $TXT

Ieq Capital LLC boosted its stake in Textron Inc. (NYSE:TXT) by 84.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,045 shares of the aerospace company’s stock after purchasing an additional 167,486 shares during the period. Ieq Capital LLC’s holdings in Textron were worth $31,908,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Motley Fool Asset Management LLC raised its holdings in shares of Textron by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after acquiring an additional 106 shares during the last quarter. Capital Management Corp VA increased its stake in Textron by 1.0% in the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC increased its stake in Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares during the last quarter. Glenmede Investment Management LP increased its stake in Textron by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after buying an additional 142 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Textron by 18.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock valued at $80,000 after buying an additional 158 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Down 1.1%

Textron stock opened at $92.71 on Friday. Textron Inc. has a 1-year low of $75.80 and a 1-year high of $101.57. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $90.94 and a 200 day simple moving average of $91.08.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share 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 during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $1.28 EPS. Textron’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. On average, analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Insider Buying and Selling at Textron

In other news, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TXT shares. Wells Fargo & Company started coverage on shares of Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective for the company. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Morgan Stanley set a $109.00 price target on shares of Textron in a research note on Monday, May 4th. Sanford C. Bernstein raised their price target on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average target price 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.