Textron Inc. $TXT Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lowered its holdings in shares of Textron Inc. (NYSE:TXT) by 37.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,265 shares of the aerospace company’s stock after selling 51,364 shares during the period. AustralianSuper Pty Ltd’s holdings in Textron were worth $7,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TXT. Geneos Wealth Management Inc. raised its holdings in shares of Textron by 18.8% in the second 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. CX Institutional raised its stake in Textron by 6.8% during the 3rd quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 162 shares during the last quarter. Assetmark Inc. lifted its position in Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Arizona State Retirement System grew its stake in shares of Textron by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 53,256 shares of the aerospace company’s stock valued at $4,500,000 after purchasing an additional 172 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Textron by 2.0% in the third quarter. Diversified Trust Co now owns 10,723 shares of the aerospace company’s stock valued at $906,000 after purchasing an additional 209 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa M. Atherton sold 7,600 shares of Textron stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.68, for a total transaction of $749,968.00. Following the completion of the transaction, the chief executive officer owned 29,473 shares of the company’s stock, valued at $2,908,395.64. The trade was a 20.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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. The trade was a 71.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 304,473 shares of company stock valued at $29,976,723. Company insiders own 1.70% of the company’s stock.

Textron Stock Down 2.0%

Shares of NYSE TXT opened at $98.65 on Wednesday. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $101.57. The firm has a 50-day moving average price of $93.73 and a 200 day moving average price of $86.58. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

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 analysts’ consensus estimates of $1.74 by ($0.01). The company had revenue of $4.18 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.12 EPS 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 dividend payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

TXT has been the subject of several recent research reports. Freedom Capital raised Textron to a “strong-buy” rating in a report on Friday, January 16th. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Citigroup lowered their target price on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.