Swiss National Bank Purchases 28,800 Shares of Textron Inc. $TXT

Swiss National Bank increased its position in shares of Textron Inc. (NYSE:TXT) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 517,189 shares of the aerospace company’s stock after purchasing an additional 28,800 shares during the period. Swiss National Bank’s holdings in Textron were worth $45,285,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in Textron by 2.7% in the 1st quarter. California Public Employees Retirement System now owns 353,617 shares of the aerospace company’s stock worth $30,963,000 after purchasing an additional 9,155 shares during the period. Kera Capital Partners Inc. boosted its position in shares of Textron by 9.8% during the first quarter. Kera Capital Partners Inc. now owns 3,514 shares of the aerospace company’s stock valued at $308,000 after buying an additional 313 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Textron by 2,593.3% during the first quarter. Cornerstone Planning Group LLC now owns 2,801 shares of the aerospace company’s stock valued at $257,000 after buying an additional 2,697 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Textron during the first quarter valued at approximately $744,000. Finally, Bastion Asset Management Inc. purchased a new stake in shares of Textron in the first quarter worth approximately $1,606,000. 86.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TXT shares. Wall Street Zen raised Textron from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup upped their price objective on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. UBS Group boosted their target price on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.10.

Textron Stock Up 1.3%

Shares of NYSE TXT opened at $91.74 on Thursday. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.35 and a beta of 0.90. The stock has a 50 day moving average price of $90.91 and a 200 day moving average price of $91.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.30 by $0.15. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The company 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. The ex-dividend date was Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.53%.

Insider Activity

In other news, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $234,307.53. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.