Textron Inc. $TXT Shares Bought by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in Textron by 61.1% to 123,023 shares (worth $10.7M), part of broader institutional buying that leaves 86.03% of TXT owned by hedge funds and institutional investors.
• Textron beat quarterly estimates (EPS $1.45 vs. $1.30; revenue $3.70B, +11.8% YoY) and issued FY2026 guidance of 6.40–6.60 EPS, while analysts’ consensus is a “Moderate Buy” with an average target of $101.18.
• Insiders have been net sellers recently, with 306,990 shares sold in the last 90 days (≈$30.2M), leaving insiders with just 1.90% ownership.

GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 61.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,023 shares of the aerospace company's stock after buying an additional 46,641 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.07% of Textron worth $10,724,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TXT. AQR Capital Management LLC lifted its stake 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 buying an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Textron by 270.7% during the second 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 in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Textron during the third quarter valued at about $56,255,000. SG Americas Securities LLC lifted its stake in Textron by 8,087.0% during the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company's stock valued at $37,439,000 after buying an additional 424,246 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Textron by 56.2% during the third quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company's stock valued at $78,258,000 after buying an additional 333,421 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TXT. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Textron in a research note on Wednesday, April 1st. They set an "equal weight" rating and a $92.00 price objective for the company. Wall Street Zen downgraded Textron from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. Morgan Stanley set a $109.00 target price on Textron in a report on Monday. Finally, TD Cowen upgraded Textron from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.18.

Textron Price Performance

Shares of TXT opened at $91.54 on Friday. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.40 and a beta of 0.93. Textron Inc. has a fifty-two week low of $70.52 and a fifty-two week high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The business's 50-day moving average is $91.56 and its 200-day moving average is $89.24.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.15. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.58 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given 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, June 12th. Textron's dividend payout ratio (DPR) is presently 1.53%.

Insider Activity

In related news, EVP Julie G. Duffy sold 19,857 shares of the firm's 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 transaction, the executive vice president 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP E Robert Lupone sold 28,056 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the transaction, the executive vice president directly owned 103,991 shares in the company, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 306,990 shares of company stock valued at $30,211,030. 1.90% of the stock is currently owned by company 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.

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