Rakuten Investment Management Inc. Purchases New Stake in Textron Inc. $TXT

Key Points

• Rakuten Investment Management purchased 28,453 Textron shares worth approximately $2.6 million in the second quarter. Institutional investors collectively own 86.03% of the aerospace and industrial company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $102.44, although several firms maintain Hold ratings.
• Textron exceeded quarterly expectations, reporting $1.62 in EPS and $3.83 billion in revenue, while revenue rose 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.

Rakuten Investment Management Inc. purchased a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,453 shares of the aerospace company's stock, valued at approximately $2,565,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXT. BlackRock Inc. bought a new position in shares of Textron in the second quarter valued at about $1,434,125,000. State Street Corp boosted its holdings in shares of Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company's stock worth $825,193,000 after buying an additional 244,017 shares during the period. Invesco Ltd. grew its stake in Textron by 1.7% in the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company's stock valued at $698,808,000 after buying an additional 140,713 shares during the last quarter. Boston Partners grew its stake in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company's stock valued at $613,327,000 after buying an additional 66,747 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Textron by 51.1% in the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after acquiring an additional 1,811,787 shares during the period. 86.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. UBS Group reiterated a "neutral" rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. TD Cowen lowered their target price on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their price target on Textron from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $98.00 price target on Textron in a research note on Wednesday, July 29th. One 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $102.44.

Textron Price Performance

Shares of Textron stock opened at $83.19 on Monday. Textron Inc. has a twelve month low of $78.12 and a twelve month high of $101.57. 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 company has a 50-day simple moving average of $88.74 and a two-hundred day simple moving average of $91.08. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Textron (NYSE:TXT - Get Free Report) last announced its 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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The business's revenue 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 forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

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

About Textron

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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