Textron Inc. $TXT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in shares of Textron Inc. (NYSE:TXT) by 36.3% during the fourth quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TXT. Activest Wealth Management increased its stake in shares of Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new position in Textron during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Textron during the 4th quarter valued at $30,000. Strive Financial Group LLC acquired a new position in shares of Textron during the 4th quarter valued at $31,000. Finally, Torren Management LLC bought a new stake in shares of Textron in the 4th quarter worth $50,000. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Performance

Shares of TXT opened at $92.46 on Monday. Textron Inc. has a one year low of $75.80 and a one year high of $101.57. The company has a 50-day moving average of $90.97 and a two-hundred day moving average of $91.80. 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 stock has a market cap of $16.08 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.38 and a beta of 0.90.

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

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

Insider Buying and Selling at Textron

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TXT shares. Wells Fargo & Company began coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock. Morgan Stanley set a $109.00 price objective on shares of Textron in a research note on Monday, May 4th. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Citigroup raised their target price on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.80.

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.