Textron (NYSE:TXT) Director Sells $234,307.53 in Stock

Textron Inc. (NYSE:TXT) 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 sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Textron Price Performance

NYSE:TXT opened at $90.99 on Friday. Textron Inc. has a one year low of $71.95 and a one year high of $101.57. The stock has a market cap of $15.82 billion, a PE ratio of 17.40, a P/E/G ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The stock has a 50 day moving average price of $91.56 and a 200 day moving average price of $89.24.

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, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’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. Equities research analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 currently 1.53%.

Institutional Investors Weigh In On Textron

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after acquiring an additional 1,709 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Textron by 6.3% in the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares in the last quarter. Focus Partners Wealth boosted its holdings in Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 735 shares during the period. Sivia Capital Partners LLC purchased a new position in Textron in the second quarter valued at $453,000. Finally, Baird Financial Group Inc. grew its stake in Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on TXT. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company initiated coverage on Textron in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. Finally, Morgan Stanley set a $109.00 price objective on Textron in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.18.

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.