Bleakley Financial Group LLC Buys Shares of 11,520 Textron Inc. $TXT

Bleakley Financial Group LLC purchased a new position in Textron Inc. (NYSE:TXT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,520 shares of the aerospace company’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. True Wealth Design LLC grew its holdings in Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after buying an additional 237 shares in the last quarter. Assetmark Inc. boosted its position in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 213 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Textron during the second quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in Textron during the 3rd quarter worth approximately $33,000. Finally, Private Trust Co. NA lifted its stake in Textron by 155.6% in the 3rd quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 280 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Textron

In other news, VP Mark S. Bamford sold 19,808 shares of the stock in a transaction dated 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 completion of the sale, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. This represents a 71.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa M. Atherton sold 7,600 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the sale, the chief executive officer directly owned 29,473 shares in the company, valued at $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 304,473 shares of company stock worth $29,976,723 over the last ninety days. 1.70% of the stock is owned by company insiders.

Textron Stock Up 0.2%

TXT opened at $99.04 on Wednesday. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57. 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 business’s 50-day moving average price is $92.79 and its 200-day moving average price is $85.90. The company has a market cap of $17.25 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.49 and a beta of 0.99.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) 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 return on equity of 14.63% and a net margin of 6.22%.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, equities analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, March 13th. Textron’s dividend payout ratio is currently 1.57%.

Wall Street Analyst Weigh In

TXT has been the subject of a number of recent analyst reports. Freedom Capital raised shares of Textron to a “strong-buy” rating in a report on Friday, January 16th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. UBS Group lifted their price target on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Finally, Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.60.

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.