Barclays PLC Sells 17,726 Shares of Textron Inc. $TXT

Barclays PLC reduced its position in shares of Textron Inc. (NYSE:TXT) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,622 shares of the aerospace company’s stock after selling 17,726 shares during the period. Barclays PLC owned approximately 0.26% of Textron worth $39,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXT. Geneos Wealth Management Inc. increased its stake in shares of Textron by 18.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 158 shares during the last quarter. CX Institutional lifted its holdings in shares of Textron by 6.8% in the third quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock worth $214,000 after acquiring an additional 162 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Textron by 52.2% in the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Textron by 0.3% during 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 position in Textron by 2.0% during the 3rd quarter. Diversified Trust Co now owns 10,723 shares of the aerospace company’s stock worth $906,000 after purchasing an additional 209 shares in the last quarter. 86.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lisa M. Atherton sold 7,600 shares of Textron stock in a transaction on 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 in the company, valued at $2,908,395.64. The trade was a 20.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Scott C. Donnelly sold 219,619 shares of Textron stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the sale, the chairman directly owned 742,418 shares of the company’s stock, valued at approximately $73,061,355.38. This trade represents a 22.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 304,473 shares of company stock worth $29,976,723. Company insiders own 1.70% of the company’s stock.

Textron Price Performance

Shares of TXT opened at $92.49 on Wednesday. The business has a 50-day moving average of $94.33 and a 200-day moving average of $87.13. 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 company has a market capitalization of $16.10 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.42 and a beta of 0.95. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $101.57.

Textron (NYSE:TXT) last released 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 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 revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The firm 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. 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 payout ratio is presently 1.57%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TXT. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Wednesday, February 18th. UBS Group boosted their price objective on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Textron presently has an average rating of “Moderate Buy” and an average target price 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.