Eisler Capital Management Ltd. Purchases New Position in Textron Inc. $TXT

Key Points

• Eisler Capital Management Ltd. has acquired a new position in Textron Inc., purchasing 51,094 shares valued at approximately $3.69 million during the first quarter.
• Textron's recent earnings report showed an EPS of $1.55, exceeding the consensus estimate, with a revenue increase of 5.4% year-over-year.
• The company announced a quarterly dividend of $0.02, with a low annualized payout ratio of 1.81%, reflecting its financial stability.

Eisler Capital Management Ltd. bought a new stake in Textron Inc. (NYSE:TXT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,094 shares of the aerospace company's stock, valued at approximately $3,689,000.

Several other hedge funds have also recently made changes to their positions in TXT. Banque Cantonale Vaudoise acquired a new position in shares of Textron in the 1st quarter valued at $25,000. Harvest Fund Management Co. Ltd increased its position in shares of Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 262 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Textron in the 1st quarter valued at $41,000. Optiver Holding B.V. acquired a new stake in Textron during the 4th quarter worth about $56,000. Finally, Federated Hermes Inc. grew its position in Textron by 48.8% during the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company's stock worth $58,000 after purchasing an additional 263 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Price Performance

TXT stock traded down $0.39 during mid-day trading on Monday, reaching $80.07. The company's stock had a trading volume of 1,289,671 shares, compared to its average volume of 1,161,849. The stock has a market cap of $14.27 billion, a PE ratio of 18.12, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $91.48. The company's 50 day moving average is $80.83 and its two-hundred day moving average is $75.13.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. Textron's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $0.02 per share. The ex-dividend date is 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 currently 1.81%.

Insider Activity

In other news, EVP Julie G. Duffy sold 28,543 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the completion of the sale, the executive vice president owned 37,624 shares in the company, valued at $2,986,216.88. This trade represents a 43.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TXT has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $85.00 price target (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Morgan Stanley increased their price target on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Susquehanna increased their price target on Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Barclays increased their price target on Textron from $95.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, UBS Group upgraded Textron from a "sell" rating to a "neutral" rating and raised their target price for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Textron has a consensus rating of "Moderate Buy" and an average price target of $92.67.

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.