Altrinsic Global Advisors LLC Purchases 37,437 Shares of Textron Inc. $TXT

Key Points

• Altrinsic Global Advisors boosted its stake in Textron by 40.4%, buying 37,437 shares to hold 130,055 shares worth about $10.99M, representing ~0.07% of Textron and ~0.4% of Altrinsic’s portfolio.
• Textron reported Q results with EPS of $1.73 (missed by $0.01) and revenue of $4.18B (+15.6% YoY), and set FY2026 guidance of 6.40–6.60 EPS
• Insiders have sold heavily (304,473 shares, ~$29.98M, in the last 90 days) even as analysts hold a consensus “Moderate Buy” rating with a $98.60 target; the company pays a nominal $0.02 quarterly dividend (0.1% yield).

Altrinsic Global Advisors LLC increased its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 40.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,055 shares of the aerospace company's stock after buying an additional 37,437 shares during the period. Textron accounts for approximately 0.4% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 26th biggest position. Altrinsic Global Advisors LLC owned approximately 0.07% of Textron worth $10,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Textron by 10.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company's stock valued at $14,070,000 after purchasing an additional 15,550 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Textron by 6.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company's stock worth $58,802,000 after buying an additional 39,389 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in Textron in the third quarter valued at approximately $5,018,000. Baxter Bros Inc. raised its stake in Textron by 45.8% in the third quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company's stock valued at $3,368,000 after buying an additional 12,530 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Textron in the third quarter valued at approximately $1,078,000. 86.03% of the stock is owned by institutional investors.

Textron Price Performance

Textron stock opened at $91.11 on Friday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.37 and a beta of 0.95. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. Textron Inc. has a 12 month low of $57.70 and a 12 month high of $101.57. The stock's 50 day moving average is $94.62 and its 200-day moving average is $87.32.

Textron (NYSE:TXT - Get Free Report) last released its quarterly 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). Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the business posted $1.34 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given 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 is Friday, March 13th. Textron's payout ratio is presently 1.57%.

Insider Buying and Selling

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the sale, the executive vice president owned 103,991 shares in the company, valued at $10,278,470.44. The trade was a 21.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 37,039 shares of the company's stock, valued at $3,655,749.30. This represents a 34.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 304,473 shares of company stock valued at $29,976,723 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TXT. Citigroup decreased their target price on Textron from $107.00 to $97.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. Wall Street Zen downgraded Textron from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. Sanford C. Bernstein upped their price objective 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. Freedom Capital raised shares of Textron to a "strong-buy" rating in a research report on Friday, January 16th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Textron in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Textron presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.60.

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.

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