Textron Inc. $TXT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in Textron Inc. (NYSE:TXT) by 36.3% during the fourth quarter, Holdings Channel reports. The firm owned 594,070 shares of the aerospace company’s stock after selling 337,882 shares during the period. Hsbc Holdings PLC’s holdings in Textron were worth $51,793,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after buying an additional 1,709 shares during the last quarter. Empowered Funds LLC raised its position in Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 1,265 shares during the last quarter. Focus Partners Wealth lifted its stake in Textron by 18.0% during the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 735 shares during the period. Sivia Capital Partners LLC acquired a new stake in Textron during the 2nd quarter valued at approximately $453,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Textron by 15.3% in the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after acquiring an additional 2,548 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

Shares of NYSE TXT opened at $86.70 on Wednesday. The company has a market capitalization of $15.08 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.30 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 company’s fifty day moving average price is $91.06 and its 200 day moving average price is $91.50. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57.

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

Textron Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Sunday, May 3rd. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Textron in a research report on Monday, May 4th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, UBS Group upped their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.18.

Insider Activity

In related news, Director R Kerry Clark sold 2,517 shares of Textron 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 in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. The SEC filing for this purchase provides additional information. 1.90% of the stock is owned by corporate insiders.

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.