Chase Investment Counsel Corp Makes New $4.05 Million Investment in Textron Inc. $TXT

Chase Investment Counsel Corp purchased a new position in Textron Inc. (NYSE:TXT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,211 shares of the aerospace company’s stock, valued at approximately $4,046,000.

Several other institutional investors have also modified their holdings of TXT. State Street Corp grew its position in shares of Textron by 2.6% in the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after purchasing an additional 244,017 shares during the period. Invesco Ltd. increased its stake in Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after purchasing an additional 140,713 shares in the last quarter. Boston Partners raised its holdings in Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after buying an additional 66,747 shares during the period. AQR Capital Management LLC raised its holdings in Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after buying an additional 405,314 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Insider Transactions at Textron

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing 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 dated 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 $801,597.99. The trade was a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Textron Trading Down 0.4%

NYSE:TXT opened at $90.46 on Wednesday. The company has a market cap of $15.73 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57. The business has a 50 day moving average price of $90.91 and a two-hundred day moving average price of $91.94. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’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. As a group, analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.53%.

Key Stories Impacting Textron

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Textron’s Pipistrel unit launched the new Voyager training aircraft and secured Epic Flight Academy as the launch customer, with a purchase agreement for up to 50 aircraft. The deal adds visibility to future deliveries and underscores demand in the flight-training market. Epic Flight Academy Agrees to Purchase up to 50 Pipistrel Voyager Aircraft
• Positive Sentiment: Bell delivered its 700th Bell 505 helicopter at the Farnborough Airshow, a milestone that highlights continued demand for one of Textron’s key rotary-wing platforms. Bell Marks the Delivery of the 700th Bell 505 During Farnborough International Airshow
• Positive Sentiment: Investors are also focusing on Textron’s expanding role in global pilot training fleets, which could support longer-term revenue growth for the company’s aviation businesses. Investors May Respond To Textron (TXT) Expanding Its Role In Global Pilot Training Fleets
• Positive Sentiment: A separate note said Wall Street Zen upgraded Textron’s stock rating, which can support sentiment if investors view the company’s aviation pipeline more favorably. Textron (NYSE:TXT) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Textron is expected to report quarterly earnings on Tuesday, so some traders may be waiting for guidance and order commentary before committing to new positions. Textron (TXT) Expected to Announce Quarterly Earnings on Tuesday
• Neutral Sentiment: Commentary on new aircraft orders and Bell demand suggests the stock’s undervaluation argument remains intact, but the market may still be looking for stronger proof of sustained growth. Textron (TXT) On New Aircraft Orders And Bell Demand As Undervalued View Holds

Analyst Ratings Changes

Several research analysts have recently weighed in on TXT shares. UBS Group upped their price target on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Citigroup increased their target price on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Company started coverage on Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.10.

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.