Plato Investment Management Ltd Purchases New Stake in Textron Inc. $TXT

Key Points

• Plato Investment Management acquired 18,505 Textron shares in the second quarter, valued at approximately $1.69 million. Institutional investors collectively own 86.03% of the company.
• Analyst sentiment remains generally positive, with Textron holding a “Moderate Buy” consensus rating and an average price target of $102.44, despite some downgrades and target-price reductions.
• Textron exceeded quarterly earnings and revenue expectations, reporting $1.62 in EPS and $3.83 billion in revenue, while shares opened at $87.68 and the company declared a quarterly dividend of $0.02 per share.

Plato Investment Management Ltd acquired a new position in Textron Inc. (NYSE:TXT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,505 shares of the aerospace company's stock, valued at approximately $1,688,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in shares of Textron by 3,255.6% in the 4th 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 bought a new stake in shares of Textron during the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in Textron in the first quarter valued at approximately $29,000. Elyxium Wealth LLC acquired a new position in Textron in the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the fourth quarter valued at approximately $31,000. 86.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TXT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Textron from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Morgan Stanley set a $98.00 price target on Textron in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating on shares of Textron in a research report on Sunday, May 3rd. Weiss Ratings raised Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Finally, TD Cowen dropped their price objective on Textron from $115.00 to $105.00 and set a "hold" rating for the company 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.44.

Textron Stock Down 1.5%

Shares of NYSE TXT opened at $87.68 on Tuesday. Textron Inc. has a 52-week low of $78.12 and a 52-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. The stock has a market cap of $15.08 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.29 and a beta of 0.91. The firm has a 50 day moving average price of $90.26 and a 200 day moving average price of $91.50.

Textron (NYSE:TXT - Get Free Report) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the business posted $1.55 earnings per share. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid 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 (DPR) is presently 1.51%.

Textron 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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