Textron Inc. (NYSE:TXT) to Issue $0.02 Quarterly Dividend

Key Points

• Textron Inc. has declared a quarterly dividend of $0.02 per share, to be paid to shareholders on January 1st, with an ex-dividend date of December 12th.
• The company reported an earnings per share (EPS) of $1.55 for the last quarter, exceeding expectations, while setting its FY 2025 guidance at a range of 6.000-6.200 EPS.
• Institutional investors own 86.03% of Textron's shares, highlighting significant interest and investment in the aerospace company.

Textron Inc. (NYSE:TXT - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Friday, December 12th will be paid a dividend of 0.02 per share by the aerospace company on Thursday, January 1st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th.

Textron has a dividend payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Textron to earn $6.68 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 1.2%.

Textron Stock Performance

Shares of TXT opened at $82.51 on Thursday. Textron has a one year low of $57.70 and a one year high of $89.28. The company has a 50-day moving average of $82.30 and a two-hundred day moving average of $77.76. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.84.

Textron (NYSE:TXT - Get Free Report) last announced its earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. Textron had a net margin of 5.80% and a return on equity of 14.26%. The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.70 billion. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that Textron will post 6.12 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Textron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its position in shares of Textron by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company's stock valued at $58,802,000 after purchasing an additional 39,389 shares during the period. D.A. Davidson & CO. bought a new position in shares of Textron in the third quarter valued at approximately $633,000. True Wealth Design LLC raised its position in shares of Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 237 shares during the period. Financial Consulate Inc. bought a new position in shares of Textron in the third quarter valued at approximately $214,000. Finally, Mather Group LLC. bought a new position in shares of Textron in the third quarter valued at approximately $64,000. Institutional investors own 86.03% of the company's stock.

Textron Company Profile

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.

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