6,753 Shares in Textron Inc. $TXT Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new position in Textron Inc. (NYSE:TXT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,753 shares of the aerospace company’s stock, valued at approximately $590,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXT. Activest Wealth Management increased its position in Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Textron during the 4th quarter worth about $30,000. Accredited Wealth Management LLC grew its position 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 buying an additional 402 shares during the period. Assetmark Inc. grew its position in shares of Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after buying an additional 169 shares during the period. Finally, Optiver Holding B.V. acquired a new position in shares of Textron during the 3rd quarter worth about $45,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was 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 represents a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Textron presently has an average rating of “Hold” and an average price target of $101.18.

Textron Trading Up 0.4%

Shares of Textron stock opened at $91.70 on Thursday. Textron Inc. has a 12-month low of $73.97 and a 12-month high of $101.57. The stock has a market cap of $15.95 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.37 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $90.45 and its 200-day moving average is $90.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s 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. Equities research analysts predict that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $0.02 per share. The ex-dividend date is 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 is currently 1.53%.

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.