Quantbot Technologies LP Purchases Shares of 75,784 Textron Inc. $TXT

Quantbot Technologies LP acquired a new stake in Textron Inc. (NYSE:TXT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 75,784 shares of the aerospace company’s stock, valued at approximately $6,403,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. grew its stake in shares of Textron by 2.9% in the second quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company’s stock worth $398,000 after purchasing an additional 140 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Textron by 18.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock worth $80,000 after buying an additional 158 shares during the period. CX Institutional grew its position in shares of Textron by 6.8% in the 3rd quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock worth $214,000 after buying an additional 162 shares during the last quarter. Assetmark Inc. increased its stake in shares of Textron by 52.2% during the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock valued at $42,000 after buying an additional 169 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Textron by 0.3% during the third quarter. Arizona State Retirement System now owns 53,256 shares of the aerospace company’s stock valued at $4,500,000 after acquiring an additional 172 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP E Robert Lupone sold 28,056 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the sale, the executive vice president owned 103,991 shares in the company, valued at $10,278,470.44. This represents a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa M. Atherton sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $98.68, for a total transaction of $749,968.00. Following the sale, the chief executive officer directly owned 29,473 shares of the company’s stock, valued at $2,908,395.64. This trade represents a 20.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 304,473 shares of company stock valued at $29,976,723. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXT. Morgan Stanley set a $92.00 price target on shares of Textron in a report on Thursday, January 29th. UBS Group lifted their target price on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Textron in a research report on Thursday, January 15th. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Textron has an average rating of “Moderate Buy” and an average target price of $98.60.

Textron Stock Down 0.1%

Shares of NYSE:TXT opened at $98.55 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $93.37 and a two-hundred day simple moving average of $86.27. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57. The stock has a market capitalization of $17.16 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.49 and a beta of 0.99.

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 the consensus estimate of $1.74 by ($0.01). The company had revenue of $4.18 billion for 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 in the previous year, the business earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.57%.

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.