Callan Family Office LLC Has $631,000 Holdings in Textron Inc. $TXT

Key Points

• Callan Family Office LLC significantly increased its stake in Textron Inc. by 133.1% during the 2nd quarter, now holding shares valued at $631,000.
• Textron announced a quarterly dividend of $0.02 per share, which reflects an annualized dividend yield of 0.1% and a dividend payout ratio of 1.81%.
• The company's latest earnings report revealed a profit of $1.55 earnings per share, exceeding expectations, along with a 5.4% year-over-year revenue increase to $3.72 billion.

Callan Family Office LLC increased its stake in Textron Inc. (NYSE:TXT - Free Report) by 133.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,863 shares of the aerospace company's stock after buying an additional 4,490 shares during the quarter. Callan Family Office LLC's holdings in Textron were worth $631,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in shares of Textron by 9.7% in the 2nd quarter. US Bancorp DE now owns 29,085 shares of the aerospace company's stock valued at $2,335,000 after buying an additional 2,563 shares during the last quarter. Seamount Financial Group Inc. acquired a new stake in shares of Textron in the 2nd quarter valued at approximately $229,000. Prime Capital Investment Advisors LLC lifted its holdings in Textron by 9.2% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 3,501 shares of the aerospace company's stock valued at $281,000 after purchasing an additional 294 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Textron by 10.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,331 shares of the aerospace company's stock valued at $1,793,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Textron by 24.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 656,573 shares of the aerospace company's stock valued at $52,716,000 after purchasing an additional 128,842 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Stock Up 0.3%

TXT stock opened at $81.80 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.32 and a beta of 1.13. The business's fifty day moving average price is $81.70 and its two-hundred day moving average price is $77.21. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $91.30.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Textron had a return on equity of 14.26% and a net margin of 5.80%.The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the business earned $1.54 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a $0.02 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron's dividend payout ratio (DPR) is presently 1.81%.

Insider Activity at Textron

In related news, EVP Julie G. Duffy sold 28,543 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the transaction, the executive vice president owned 37,624 shares in the company, valued at approximately $2,986,216.88. This trade represents a 43.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Textron in a report on Wednesday, October 8th. Barclays raised their price target on Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Susquehanna raised their price target on Textron from $90.00 to $95.00 and gave the company a "positive" rating in a report on Friday, July 25th. UBS Group raised Textron from a "sell" rating to a "neutral" rating and raised their price target for the company from $73.00 to $88.00 in a report on Monday, July 28th. Finally, Wall Street Zen raised Textron from a "buy" rating to a "strong-buy" rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $92.45.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

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