Sumitomo Mitsui DS Asset Management Company Ltd Has $2 Million Stake in Textron Inc. $TXT

Key Points

• Sumitomo Mitsui DS Asset Management increased its shares in Textron Inc. by 30.9% during Q2, acquiring an additional 5,888 shares for a total of 24,945 shares valued at approximately $2 million.
• Several institutional investors are actively adjusting their positions in Textron, with a cumulative ownership of 86.03% of the company's stock, indicating strong institutional interest.
• Textron reported a Q2 EPS of $1.55, surpassing analysts’ expectations, and has set an FY 2025 EPS guidance between 6.000-6.200, reflecting positive growth outlook.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Textron Inc. (NYSE:TXT - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,945 shares of the aerospace company's stock after acquiring an additional 5,888 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Textron were worth $2,003,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TXT. Tidal Investments LLC boosted its stake in shares of Textron by 13.0% during the 4th quarter. Tidal Investments LLC now owns 4,192 shares of the aerospace company's stock worth $321,000 after acquiring an additional 481 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Textron by 66.7% during the 4th quarter. Vise Technologies Inc. now owns 5,521 shares of the aerospace company's stock worth $422,000 after purchasing an additional 2,209 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Textron by 7.0% during the 4th quarter. Toronto Dominion Bank now owns 99,507 shares of the aerospace company's stock worth $7,611,000 after purchasing an additional 6,509 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Textron by 14.2% during the 4th quarter. Mackenzie Financial Corp now owns 210,081 shares of the aerospace company's stock worth $16,069,000 after purchasing an additional 26,185 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its position in shares of Textron by 107.1% during the 4th quarter. Integrated Advisors Network LLC now owns 11,199 shares of the aerospace company's stock worth $857,000 after purchasing an additional 5,791 shares during the last quarter. Institutional investors own 86.03% of the company's stock.

Insider Activity

In other news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president directly owned 37,624 shares of the company's stock, valued at approximately $2,986,216.88. This represents a 43.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

Textron Price Performance

Shares of TXT traded down $0.10 during mid-day trading on Monday, reaching $83.52. The company had a trading volume of 1,278,215 shares, compared to its average volume of 1,295,053. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $91.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84. The company's 50-day moving average is $80.89 and its 200-day moving average is $76.12. The company has a market capitalization of $14.88 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.36 and a beta of 1.14.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Textron had a return on equity of 14.26% and a net margin of 5.80%.The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the prior year, the firm posted $1.54 EPS. Textron's quarterly revenue was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend 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 is presently 1.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXT. UBS Group raised Textron from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $73.00 to $88.00 in a research report on Monday, July 28th. The Goldman Sachs Group reissued a "neutral" rating and set a $85.00 price objective (down previously from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Jefferies Financial Group reissued a "buy" rating and set a $95.00 price objective (up previously from $85.00) on shares of Textron in a research report on Thursday, June 12th. Morgan Stanley boosted their price objective on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Susquehanna boosted their price objective on Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.67.

About Textron

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.