Hsbc Holdings PLC Increases Stake in Textron Inc. $TXT

Key Points

• Hsbc Holdings increased its Textron stake by 4.5% in the second quarter, purchasing 26,853 additional shares and bringing its holdings to 625,781 shares worth approximately $57.5 million. Institutional investors collectively own 86.03% of Textron.
• Textron reported quarterly EPS of $1.62, exceeding estimates of $1.55, while revenue rose 3% year over year to $3.83 billion. The company maintained fiscal 2026 EPS guidance of $6.40–$6.60.
• TXT shares opened at $78.92, near their 52-week low, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $102.44. Textron also declared a quarterly dividend of $0.02 per share.

Hsbc Holdings PLC raised its stake in Textron Inc. (NYSE:TXT - Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 625,781 shares of the aerospace company's stock after purchasing an additional 26,853 shares during the quarter. Hsbc Holdings PLC owned 0.36% of Textron worth $57,515,000 at the end of the most recent quarter.

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

Textron Trading Down 0.2%

Shares of TXT opened at $78.92 on Tuesday. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. 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 firm's 50-day moving average price is $87.67 and its 200-day moving average price is $90.30. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.15 and a beta of 0.90.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (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 company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. 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 EPS for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron's dividend payout ratio is currently 1.51%.

Wall Street Analyst Weigh In

TXT has been the topic of several recent analyst reports. Wall Street Zen cut Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. TD Cowen cut their price objective on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Finally, UBS Group reissued a "neutral" rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. One investment 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. Based on data from 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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