A peek at Textron Inc. (TXT): Who has invested in It?

Textron Inc. (NYSE: TXT) is 8.92% higher on its value in year-to-date trading and has touched a low of $61.27 and a high of $87.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TXT stock was last observed hovering at around $87.71 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $87.59, the stock is 6.17% and 9.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.14% at the moment leaves the stock 18.12% off its SMA200. TXT registered 16.74% gain for a year compared to 6-month gain of 12.17%. The firm has a 50-day simple moving average (SMA 50) of $1.36 and a 200-day simple moving average (SMA200) of $12.03.

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The stock witnessed a 11.95% loss in the last 1 month and extending the period to 3 months gives it a 13.69%, and is 2.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.78% over the month.

Textron Inc. (TXT) has around 34000 employees, a market worth around $17.17B and $13.68B in sales. Current P/E ratio is 19.17 and Fwd P/E is 12.55. Profit margin for the company is 6.73%. Distance from 52-week low is 42.96% and -0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (9.07%).

Textron Inc. quarterly earnings per share for the current quarter are estimated at $1.29 with sales reaching $3.29B over the same period.The EPS is expected to grow by 11.81% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

809 institutions hold shares in Textron Inc. (TXT), with institutional investors hold 87.41% of the company’s shares. The shares outstanding are 206.16M, and float is at 194.82M with Short Float at 2.98%. Institutions hold 86.97% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 23.68 million shares valued at $1.6 billion. The investor’s holdings represent 11.95% of the TXT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.26 million shares valued at $1.17 billion to account for 8.72% of the shares outstanding. The other top investors are T. Rowe Price Investment Management, Inc. which holds 16.38 million shares representing 8.27% and valued at over $1.11 billion, while State Street Corporation holds 4.51% of the shares totaling 8.93 million with a market value of $604.18 million.

Textron Inc. (TXT) Insider Activity

A total of 3 insider transactions have happened at Textron Inc. (TXT) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by CLARK R KERRY, the company’s Director. SEC filings show that CLARK R KERRY sold 9,353 shares of the company’s common stock on Oct 27 at a price of $75.10 per share for a total of $0.7 million. Following the sale, the insider now owns 4517.0 shares.

Textron Inc. disclosed in a document filed with the SEC on Aug 22 that CLARK R KERRY (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 22 and was made at $75.33 per share for $0.38 million. Following the transaction, the insider now directly holds 13870.0 shares of the TXT stock.

Still, SEC filings show that on Feb 21, DONNELLY SCOTT C (Chairman, President & CEO) disposed off 222,319 shares at an average price of $73.35 for $16.31 million. The insider now directly holds 683,136 shares of Textron Inc. (TXT).

Textron Inc. (TXT): Who are the competitors?

One of the company’s main competitors (and peers) include Honeywell International Inc. (HON) that is trading -3.50% down over the past 12 months.RTX Corp. (RTX) lies in the list of competitors of the Textron Inc. and is -9.51% lower over the same period from TXTBoeing Co. (BA) is -1.72% down on the 1-year trading charts.