State Street Corp Raises Stock Position in Textron Inc. $TXT

Key Points

• State Street increased its Textron position by 0.9% in the second quarter to 9.83 million shares, worth approximately $902 million. Institutional investors now own 86.03% of the company, with BlackRock also acquiring a substantial new stake.
• Textron reported quarterly earnings of $1.62 per share, beating the $1.55 consensus estimate, while revenue rose 3% year over year to $3.83 billion. The company guided to fiscal 2026 earnings of $6.40–$6.60 per share.
• Shares opened at $76.87, near their 12-month low, while analysts maintain a consensus “Hold” rating and a $102.44 price target. Textron also declared a quarterly dividend of $0.02 per share.

State Street Corp raised its holdings in shares of Textron Inc. (NYSE:TXT - Free Report) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,830,439 shares of the aerospace company's stock after acquiring an additional 86,141 shares during the quarter. State Street Corp owned approximately 5.72% of Textron worth $901,942,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Textron during the 2nd quarter valued at approximately $1,434,125,000. Primecap Management Co. CA purchased a new stake in Textron during the 2nd quarter valued at approximately $111,723,000. Bank of New York Mellon Corp purchased a new stake in Textron during the 2nd quarter valued at approximately $105,946,000. Goldman Sachs Group Inc. raised its position in shares of Textron by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company's stock valued at $103,890,000 after buying an additional 218,201 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Textron by 31.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 954,138 shares of the aerospace company's stock worth $87,523,000 after buying an additional 227,607 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Stock Down 1.3%

Shares of NYSE TXT opened at $76.87 on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. Textron Inc. has a 12-month low of $76.44 and a 12-month high of $101.57. The firm's 50-day moving average price is $84.94 and its 200-day moving average price is $88.68. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.13 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 EPS for the quarter, topping the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm'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. On average, equities research analysts anticipate that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

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 issued 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 dividend payout ratio (DPR) is 1.51%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley set a $98.00 price objective on Textron in a research report on Wednesday, July 29th. UBS Group reaffirmed a "neutral" rating and issued a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. TD Cowen dropped their price target on Textron from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, July 13th. Finally, Weiss Ratings cut Textron from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Textron has a consensus rating of "Hold" and a consensus price target of $102.44.

Textron Company 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.

Want to see what other hedge funds are holding TXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textron Inc. (NYSE:TXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.