Gamco Investors INC. ET AL Sells 35,088 Shares of Textron Inc. $TXT

Key Points

• Gamco Investors reduced its position in Textron by 2.5% in Q3, selling 35,088 shares and leaving it with 1,390,057 shares — about $117.45 million in Textron stock (≈0.79% ownership), which is 1.1% of Gamco's portfolio and its 12th largest holding.
• Company insiders sold a sizeable amount of stock last quarter — 304,473 shares worth roughly $29.98 million — including CEO Lisa Atherton (7,600 shares) and Chairman Scott Donnelly (219,619 shares), materially reducing their individual ownership stakes.
• Textron reported $1.73 EPS (miss by $0.01) and $4.18 billion revenue (+15.6% YoY) for the latest quarter, set FY2026 guidance of 6.400–6.600 EPS, and carries a MarketBeat consensus rating of “Moderate Buy” with a $98.60 target.

Gamco Investors INC. ET AL lessened its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,390,057 shares of the aerospace company's stock after selling 35,088 shares during the quarter. Textron comprises about 1.1% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 12th largest position. Gamco Investors INC. ET AL owned approximately 0.79% of Textron worth $117,446,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TXT. Envestnet Asset Management Inc. grew its holdings in shares of 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 buying an additional 15,550 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Textron by 6.0% during the 3rd 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 period. Rakuten Investment Management Inc. bought a new position in Textron during the third quarter worth about $5,018,000. Baxter Bros Inc. grew 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 acquiring an additional 12,530 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in Textron in the third quarter valued at about $1,078,000. Institutional investors and hedge funds own 86.03% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lisa M. Atherton sold 7,600 shares of the firm's stock in a transaction on Friday, February 13th. The shares were 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 owned 29,473 shares of the company's stock, valued at approximately $2,908,395.64. This trade represents a 20.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott C. Donnelly sold 219,619 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the sale, the chairman directly owned 742,418 shares in the company, valued at $73,061,355.38. This trade represents a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 304,473 shares of company stock valued at $29,976,723 in the last quarter. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

TXT has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Textron in a research report on Wednesday, February 18th. Sanford C. Bernstein boosted their price objective on Textron from $94.00 to $108.00 and gave the company a "market perform" rating in a research report on Thursday, February 19th. UBS Group increased their target price on Textron from $89.00 to $99.00 and gave the stock a "neutral" rating in a research note on Thursday, January 15th. Citigroup dropped their target price on shares of Textron from $107.00 to $97.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. Finally, Freedom Capital raised shares of Textron to a "strong-buy" rating in a research note on Friday, January 16th. One research 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, Textron currently has an average rating of "Moderate Buy" and a consensus target price of $98.60.

Textron Stock Down 1.4%

Shares of Textron stock opened at $95.01 on Friday. The firm has a market cap of $16.55 billion, a PE ratio of 18.59, a P/E/G ratio of 1.46 and a beta of 0.95. The business's 50 day simple moving average is $94.14 and its 200 day simple moving average is $86.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57.

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 analysts' consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The company's revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts predict that Textron Inc. will post 6.12 earnings per share 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 issued a dividend of $0.02 per share. The ex-dividend date is Friday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron's dividend payout ratio is presently 1.57%.

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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