Corient Private Wealth LP Has $11.13 Million Stock Holdings in Textron Inc. $TXT

Key Points

• Corient Private Wealth reduced its Textron stake by 30.1% in the second quarter, selling 52,193 shares and retaining 121,374 shares valued at approximately $11.13 million.
• Institutional ownership remains high at 86.03%, with several major investors—including BlackRock, Primecap Management and Bank of New York Mellon—initiating or adding substantial positions.
• Textron beat quarterly earnings expectations with $1.62 in EPS and $3.83 billion in revenue. Analysts hold a “Moderate Buy” consensus, with an average price target of $102.44 versus the stock’s reported price of $80.82.

Corient Private Wealth LP trimmed its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 30.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,374 shares of the aerospace company's stock after selling 52,193 shares during the period. Corient Private Wealth LP owned approximately 0.07% of Textron worth $11,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Textron in the 2nd quarter valued at about $1,434,125,000. Primecap Management Co. CA purchased a new position in Textron during the second quarter valued at approximately $111,723,000. Bank of New York Mellon Corp acquired a new position in Textron in the 2nd quarter valued at approximately $105,946,000. Great Lakes Advisors LLC purchased a new stake in Textron in the 2nd quarter worth approximately $81,224,000. Finally, Legal & General Group Plc purchased a new stake in Textron in the 2nd quarter worth approximately $78,431,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TXT shares. UBS Group restated a "neutral" rating and set a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. Morgan Stanley set a $98.00 price objective on Textron in a report on Wednesday, July 29th. Wall Street Zen cut Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. 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 research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Textron has a consensus rating of "Moderate Buy" and an average target price of $102.44.

Textron Price Performance

NYSE TXT opened at $80.82 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.90 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57. The company has a 50 day moving average price of $86.02 and a two-hundred day moving average price of $89.37.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. Textron's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Textron Inc. will post 6.5 earnings per share for the current fiscal 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 given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron's dividend payout ratio is presently 1.51%.

Textron Profile

Textron Inc NYSE: TXT is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.

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