The Manufacturers Life Insurance Company Reduces Stake in Textron Inc. $TXT

The Manufacturers Life Insurance Company trimmed its position in shares of Textron Inc. (NYSE:TXT) by 25.7% during the first quarter, Holdings Channel reports. The firm owned 92,160 shares of the aerospace company’s stock after selling 31,838 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Textron were worth $8,070,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TXT. Activest Wealth Management grew its stake in 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 acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC acquired a new position in Textron during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Textron in the first quarter valued at about $29,000. Elyxium Wealth LLC purchased a new stake in shares of Textron in the fourth quarter valued at about $30,000. Finally, Strive Financial Group LLC acquired a new stake in shares of Textron in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TXT. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. UBS Group reissued a “neutral” rating and issued a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. TD Cowen reduced their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. increased their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Textron Trading Up 3.2%

Shares of NYSE TXT opened at $89.12 on Wednesday. Textron Inc. has a 1-year low of $76.45 and a 1-year high of $101.57. The company has a 50-day moving average of $90.78 and a two-hundred day moving average of $91.89. The company has a market cap of $15.33 billion, a PE ratio of 16.81, a P/E/G ratio of 1.25 and a beta of 0.91. 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 (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. Textron’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts expect that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s dividend payout ratio (DPR) is presently 1.51%.

Textron Company 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.