21,552 Shares in Textron Inc. $TXT Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in shares of Textron Inc. (NYSE:TXT) during the 1st quarter, Holdings Channel reports. The firm bought 21,552 shares of the aerospace company’s stock, valued at approximately $1,887,000.

Several other hedge funds have also bought and sold shares of TXT. Earned Wealth Advisors LLC increased its position in Textron by 16.0% in the first quarter. Earned Wealth Advisors LLC now owns 5,056 shares of the aerospace company’s stock worth $443,000 after buying an additional 697 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Textron by 24.8% during the 1st quarter. Parallel Advisors LLC now owns 2,122 shares of the aerospace company’s stock valued at $186,000 after buying an additional 422 shares in the last quarter. Resolute Wealth Strategies LLC bought a new position in shares of Textron during the 1st quarter valued at approximately $214,000. SEB Asset Management AB purchased a new stake in Textron in the 1st quarter worth approximately $243,000. Finally, Swiss National Bank increased its holdings in Textron by 5.9% in the 1st quarter. Swiss National Bank now owns 517,189 shares of the aerospace company’s stock worth $45,285,000 after acquiring an additional 28,800 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the topic of several analyst reports. TD Cowen lowered their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Citigroup raised their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. lifted their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, UBS Group upped their target price on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Textron Trading Down 0.7%

Shares of TXT opened at $90.82 on Tuesday. The stock has a market capitalization of $15.79 billion, a PE ratio of 17.37, a P/E/G ratio of 1.37 and a beta of 0.90. The company’s fifty day moving average is $90.91 and its 200 day moving average is $91.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating the consensus estimate 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 $3.69 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the business earned $1.28 earnings per share. Textron’s quarterly 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. Sell-side analysts expect that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were issued a $0.02 dividend. The ex-dividend date of this dividend was 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 (DPR) is presently 1.53%.

Textron News Summary

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Textron’s Pipistrel unit announced Epic Flight Academy as the launch customer for the new Voyager training aircraft, with a purchase agreement for up to 50 aircraft, signaling demand for a new product line. Article Title
• Positive Sentiment: Bell Textron said it delivered its 700th Bell 505 helicopter, reinforcing the strength of the aircraft platform and steady demand in the rotorcraft business. Article Title
• Positive Sentiment: Textron’s Pipistrel introduced the Voyager training aircraft at AirVenture, expanding its lineup for flight schools and supporting future sales opportunities. Article Title
• Positive Sentiment: Wall Street Zen upgraded Textron’s stock rating, which can help sentiment ahead of earnings. Article Title
• Neutral Sentiment: Textron is expected to announce quarterly earnings on Tuesday, keeping attention on upcoming results and guidance rather than a confirmed new development. Article Title

Insider Transactions at Textron

In related news, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents 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 currently owned by company insiders.

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.