Quantbot Technologies LP Buys Shares of 75,784 Textron Inc. $TXT

Quantbot Technologies LP purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 75,784 shares of the aerospace company’s stock, valued at approximately $6,403,000.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Textron by 144.1% during the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after purchasing an additional 1,573,206 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in shares of 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 buying an additional 734,478 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Textron by 62.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock valued at $98,876,000 after buying an additional 471,274 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Textron by 19.9% in the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after buying an additional 451,017 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Textron by 467.7% in the second quarter. Man Group plc now owns 384,229 shares of the aerospace company’s stock worth $30,850,000 after acquiring an additional 316,553 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Textron news, CEO Lisa M. Atherton sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the transaction, the chief executive officer directly owned 29,473 shares in the company, valued at $2,908,395.64. This represents a 20.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the sale, the executive vice president directly owned 37,039 shares of the company’s stock, valued at approximately $3,655,749.30. This trade represents a 34.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 304,473 shares of company stock worth $29,976,723 in the last quarter. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TXT. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Textron in a report on Thursday, January 15th. Sanford C. Bernstein upped their target price on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. Finally, UBS Group increased their price target on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Textron Stock Down 0.1%

Shares of TXT stock opened at $98.55 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. Textron Inc. has a one year low of $57.70 and a one year high of $101.57. The company’s fifty day moving average price is $93.37 and its 200-day moving average price is $86.27. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.49 and a beta of 0.99.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, March 13th. Textron’s dividend payout ratio (DPR) is 1.57%.

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.