Lombard Odier Asset Management Switzerland SA Increases Stock Position in Textron Inc. $TXT

Lombard Odier Asset Management Switzerland SA boosted its holdings in shares of Textron Inc. (NYSE:TXT) by 46.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,375 shares of the aerospace company’s stock after buying an additional 26,900 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Textron were worth $7,388,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Textron by 51.1% during the fourth 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. Adage Capital Partners GP L.L.C. boosted its position in Textron by 270.7% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Textron in the 3rd quarter valued at $56,255,000. Dimensional Fund Advisors LP increased its holdings in shares of Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after acquiring an additional 405,314 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Textron in the 1st quarter worth $34,274,000. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired 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 owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Textron Price Performance

Shares of NYSE TXT opened at $95.49 on Friday. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57. The company has a market cap of $16.60 billion, a PE ratio of 18.26, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The business has a 50-day simple moving average of $91.08 and a two-hundred day simple moving average of $92.04.

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 the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.69 billion for 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 company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio is presently 1.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TXT shares. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Citigroup increased their price target 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. TD Cowen lowered their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Finally, Wells Fargo & Company started coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.10.

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.