Thomas Kennedy Buys 10,300 Shares of Textron (NYSE:TXT) Stock

Key Points

• Director Thomas Kennedy purchased 10,300 Textron shares at an average price of $95.98 on May 1, increasing his stake to 20,162 shares (a 104.44% increase) for about $988,594, per an SEC filing.
• Textron beat Q1 expectations, reporting $1.45 EPS versus $1.30 consensus and $3.70B in revenue (up 11.8% YoY), and issued FY2026 guidance of $6.40–6.60 EPS, improving earnings visibility.
• Company to explore separating its Industrial segment to become a purer aerospace & defense business, a move that could unlock a re-rating but carries execution, timing and tax risks over a ~12–18 month timeline.

Textron Inc. (NYSE:TXT - Get Free Report) Director Thomas Kennedy acquired 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director owned 20,162 shares in the company, valued at approximately $1,935,148.76. This represents a 104.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Textron Price Performance

TXT traded down $1.25 during trading on Friday, hitting $94.71. The company's stock had a trading volume of 1,855,468 shares, compared to its average volume of 1,680,713. The business's fifty day simple moving average is $92.01 and its 200 day simple moving average is $88.94. Textron Inc. has a twelve month low of $69.46 and a twelve month high of $101.57. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.35 and a beta of 0.97. 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 (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.55 EPS for the current fiscal year.

Textron Dividend Announcement

The business 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. The ex-dividend date is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron's dividend payout ratio (DPR) is presently 1.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXT. State Street Corp boosted its holdings in shares of Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company's stock worth $825,193,000 after purchasing an additional 244,017 shares during the last quarter. Invesco Ltd. boosted its stake in Textron by 1.7% in the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company's stock worth $698,808,000 after buying an additional 140,713 shares during the last quarter. Boston Partners grew its holdings in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company's stock valued at $613,327,000 after buying an additional 66,747 shares during the period. AQR Capital Management LLC increased its stake in shares of Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after acquiring an additional 1,811,787 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company's stock worth $222,455,000 after acquiring an additional 405,314 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Textron from $88.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, January 29th. Freedom Capital upgraded shares of Textron to a "strong-buy" rating in a research report on Friday, January 16th. Morgan Stanley set a $92.00 target price on Textron in a research note on Thursday, January 29th. Citigroup raised their price objective on shares of Textron from $97.00 to $99.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group reduced their target price on Textron from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.18.

Textron News Roundup

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Q1 beat and solid financials — Textron reported Q1 adjusted EPS $1.45 (vs. $1.30 consensus) and ~11.8% revenue growth; management also provided FY2026 EPS guidance of $6.40–6.60. The quarter and guidance underpin improved earnings visibility. Textron Reports First Quarter 2026 Results
• Positive Sentiment: Strategic industrial separation — Textron announced intent to separate its Industrial segment to become a purer aerospace & defense company, which could unlock a re-rating if the market values the new aerospace-focused entity higher. Textron Announces Intent to Separate its Industrial Segment
• Positive Sentiment: Defense momentum and business wins — Bell (a Textron unit) was selected by Near Earth Autonomy for a MARV-EL uncrewed logistics aircraft project, reinforcing defense program momentum and future revenue opportunities. Bell Selected by Near Earth Autonomy
• Positive Sentiment: Analyst upgrade — TD Cowen upgraded TXT from Hold to Buy, a catalyst that can support near-term upside if other firms follow. The Fly: Textron upgraded by TD Cowen
• Neutral Sentiment: Dividend unchanged and immaterial — Textron announced a small quarterly dividend (annualized yield ~0.1%); unlikely to move valuation materially. Dividend Announcement
• Negative Sentiment: Execution and timing risk from separation — Management plans to explore sale or tax-free spinoff options with a ~12–18 month timeline; transaction costs, tax structure and investor reception create uncertainty that can weigh on the stock near term. Seeking Alpha: Industrial separation within 12 to 18 months

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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