Inceptionr LLC Acquires 12,699 Shares of Textron Inc. $TXT

Inceptionr LLC boosted its stake in shares of Textron Inc. (NYSE:TXT) by 275.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,304 shares of the aerospace company’s stock after purchasing an additional 12,699 shares during the quarter. Inceptionr LLC’s holdings in Textron were worth $1,515,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Activest Wealth Management raised its holdings in Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new stake in shares of Textron during the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Textron during the first quarter worth approximately $29,000. Elyxium Wealth LLC bought a new position in shares of Textron during the fourth quarter worth approximately $30,000. Finally, Strive Financial Group LLC acquired a new stake in Textron during the 4th quarter worth approximately $31,000. 86.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group upped their price objective on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. Citigroup boosted their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Wells Fargo & Company initiated coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Morgan Stanley set a $97.00 target price on shares of Textron in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Textron Trading Up 1.5%

Shares of Textron stock opened at $93.09 on Friday. 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 Inc. has a 12-month low of $75.80 and a 12-month high of $101.57. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.37 and a beta of 0.90. The firm’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $92.02.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s dividend payout ratio (DPR) is currently 1.53%.

Insider Buying and Selling at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the firm’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 directly owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

About Textron

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.