Textron Inc. $TXT Stake Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in shares of Textron Inc. (NYSE:TXT) by 18.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,140 shares of the aerospace company’s stock after buying an additional 9,342 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Textron were worth $5,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Textron by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares during the period. CWA Asset Management Group LLC acquired a new position in Textron in the 4th quarter valued at approximately $1,988,000. New York State Teachers Retirement System lifted its position in Textron by 10.7% in the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after buying an additional 15,159 shares in the last quarter. Econ Financial Services Corp purchased a new stake in Textron in the 4th quarter worth approximately $1,879,000. Finally, National Pension Service boosted its stake in shares of Textron by 17.5% during the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after buying an additional 14,701 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Up 0.9%

Textron stock opened at $91.41 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 1-year low of $75.80 and a 1-year high of $101.57. The firm’s fifty day simple moving average is $90.93 and its 200-day simple moving average is $91.88. The company has a market capitalization of $15.90 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.35 and a beta of 0.90.

Textron (NYSE:TXT) last issued 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 net margin of 6.15% and a return on equity of 14.56%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Textron’s revenue for the quarter was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. UBS Group boosted their target price on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Citigroup lifted their price target on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.10.

Insider Transactions at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the firm’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 transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

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.