B. Metzler seel. Sohn & Co. AG purchased a new position in Textron Inc. (NYSE:TXT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,943 shares of the aerospace company's stock, valued at approximately $5,315,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TXT. Massachusetts Institute of Technology bought a new position in Textron during the second quarter worth $1,468,000. Vise Technologies Inc. bought a new stake in Textron during the second quarter valued at $905,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Textron during the second quarter worth $562,000. Great Lakes Advisors LLC acquired a new stake in shares of Textron during the second quarter worth $81,224,000. Finally, Danske Bank A S bought a new position in shares of Textron in the 2nd quarter worth about $9,587,000. Hedge funds and other institutional investors own 86.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. TD Cowen cut their price target on shares of Textron from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, July 13th. Wall Street Zen cut Textron from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Textron has a consensus rating of "Moderate Buy" and a consensus price target of $102.44.
View Our Latest Stock Report on TXT
Textron Stock Down 1.7%
Shares of NYSE:TXT opened at $82.97 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 1.23 and a beta of 0.91. The company has a 50 day moving average of $89.66 and a 200-day moving average of $91.41. Textron Inc. has a one year low of $78.12 and a one year high of $101.57.
Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating 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 net margin of 6.12% and a return on equity of 14.30%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts forecast that Textron Inc. will post 6.5 earnings per share for the current year.
Textron Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron's payout ratio is presently 1.51%.
About Textron
(
Free Report)
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.
See Also
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