Caisse de depot et placement du Quebec Takes $36.65 Million Position in Textron Inc. $TXT

Key Points

• Caisse de dépôt et placement du Québec acquired 399,545 Textron shares worth approximately $36.65 million, representing about 0.23% of the aerospace company. Institutional investors collectively own 86.03% of Textron.
• Textron exceeded quarterly expectations, reporting $1.62 in earnings per share versus the $1.55 consensus estimate and $3.83 billion in revenue, up 3% year over year. The company provided fiscal 2026 EPS guidance of $6.40–$6.60.
• Textron shares recently traded at $83.19, below the analyst consensus price target of $102.44; analysts’ overall rating is “Moderate Buy.” The company also announced a quarterly dividend of $0.02 per share, yielding approximately 0.1%.

Caisse de depot et placement du Quebec purchased a new position in Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 399,545 shares of the aerospace company's stock, valued at approximately $36,650,000. Caisse de depot et placement du Quebec owned about 0.23% of Textron at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company's stock valued at $1,049,000 after purchasing an additional 1,709 shares during the last quarter. Empowered Funds LLC boosted its stake in Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company's stock worth $1,546,000 after purchasing an additional 1,265 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company's stock worth $348,000 after buying an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Textron during the second quarter worth $453,000. Finally, Baird Financial Group Inc. raised its position in shares of Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company's stock valued at $1,539,000 after buying an additional 2,548 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

Textron stock opened at $83.19 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $88.74 and a 200 day moving average price of $91.11. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57. The stock has a market cap of $14.31 billion, a P/E ratio of 15.70, a PEG ratio of 1.20 and a beta of 0.91.

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

Textron Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron's dividend payout ratio is presently 1.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group reissued a "neutral" rating and issued a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective 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. Wall Street Zen downgraded shares of Textron from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Jefferies Financial Group reissued a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. Finally, TD Cowen lowered their target price on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $102.44.

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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