739,330 Shares in Textron Inc. $TXT Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 739,330 shares of the aerospace company's stock, valued at approximately $67,819,000. Deutsche Bank AG owned about 0.43% of Textron as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC raised its stake in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company's stock worth $262,000 after acquiring an additional 106 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Textron by 22.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company's stock valued at $57,000 after purchasing an additional 119 shares during the last quarter. Capital Management Corp VA increased its holdings in shares of Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company's stock valued at $1,088,000 after purchasing an additional 120 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company's stock valued at $55,000 after purchasing an additional 124 shares in the last quarter. Finally, Essex Financial Services Inc. raised its position in Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company's stock worth $237,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TXT shares. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Wall Street Zen downgraded shares of Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised their target price on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. Finally, Morgan Stanley set a $98.00 price target on shares of Textron in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Textron has an average rating of "Moderate Buy" and an average target price of $102.44.

Textron Trading Down 2.2%

NYSE TXT opened at $84.43 on Friday. The stock has a 50-day simple moving average of $89.85 and a 200 day simple moving average of $91.47. The company has a market capitalization of $14.52 billion, a PE ratio of 15.93, a P/E/G ratio of 1.25 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron's dividend payout ratio (DPR) is currently 1.51%.

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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