Dimensional Fund Advisors LP Purchases 138,128 Shares of Textron Inc. $TXT

Dimensional Fund Advisors LP boosted its position in Textron Inc. (NYSE:TXT) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,146,467 shares of the aerospace company’s stock after purchasing an additional 138,128 shares during the period. Dimensional Fund Advisors LP owned about 1.22% of Textron worth $181,348,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC increased its position in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. lifted 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 buying an additional 213 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Textron during the 2nd quarter worth approximately $27,000. Quent Capital LLC bought a new position in shares of Textron during the 3rd quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC increased its holdings in shares of Textron by 804.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Insiders Place Their Bets

In other Textron news, CEO Lisa M. Atherton sold 7,600 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were 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 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 document filed with the SEC, which is available at the SEC website. Also, EVP E Robert Lupone sold 28,056 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the transaction, the executive vice president owned 103,991 shares in the company, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 304,473 shares of company stock worth $29,976,723. 1.70% of the stock is currently owned by insiders.

Textron Stock Performance

TXT opened at $95.01 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The business has a fifty day simple moving average of $94.14 and a 200 day simple moving average of $86.95. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $101.57. The company has a market capitalization of $16.54 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95.

Textron (NYSE:TXT) last posted its quarterly earnings data 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 firm 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%.The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given 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 of this dividend is Friday, March 13th. Textron’s dividend payout ratio (DPR) is currently 1.57%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TXT shares. Citigroup cut their price target on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Morgan Stanley set a $92.00 price objective on shares of Textron in a report on Thursday, January 29th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research report on Friday, January 16th. Sanford C. Bernstein raised their target price on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average price target of $98.60.

Textron 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.