Connor Clark & Lunn Investment Management Ltd. Invests $31.14 Million in Textron Inc. $TXT

Key Points

• Connor Clark & Lunn Investment Management acquired 339,517 Textron shares worth approximately $31.14 million, giving it a 0.20% stake. Institutional investors collectively own 86.03% of the company.
• Analysts maintain a generally positive outlook, with Textron carrying a “Moderate Buy” consensus rating and an average price target of $102.44, although some firms recently issued “Hold” ratings or lowered targets.
• Textron exceeded quarterly earnings expectations, reporting $1.62 in adjusted EPS and $3.83 billion in revenue, while revenue increased 3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.40–$6.60 and declared a quarterly dividend of $0.02 per share.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 339,517 shares of the aerospace company's stock, valued at approximately $31,144,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of Textron at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TXT. Activest Wealth Management grew its stake in Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new position in Textron during the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron in the 1st quarter worth $29,000. Elyxium Wealth LLC purchased a new position in shares of Textron in the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC purchased a new position in Textron during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 86.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $98.00 target price on shares of Textron in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a "buy" rating on shares of Textron in a research note on Sunday, May 3rd. UBS Group reissued a "neutral" rating and issued a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, TD Cowen dropped 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, Textron presently has an average rating of "Moderate Buy" and an average target price of $102.44.

Textron Stock Down 0.9%

TXT opened at $82.17 on Tuesday. The company has a fifty day moving average of $89.42 and a two-hundred day moving average of $91.39. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.20 and a beta of 0.91. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

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

Textron Dividend Announcement

The firm 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 dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron's payout ratio is presently 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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