9,865 Shares in Textron Inc. $TXT Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Textron Inc. (NYSE:TXT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,865 shares of the aerospace company’s stock, valued at approximately $905,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Textron in the second quarter worth about $1,434,125,000. State Street Corp lifted its stake 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 valued at $825,193,000 after buying an additional 244,017 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Textron by 1.7% during 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 in the last quarter. Boston Partners boosted its holdings in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after buying an additional 66,747 shares during the period. Finally, AQR Capital Management LLC boosted 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 worth $466,986,000 after buying an additional 1,811,787 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Performance

Textron stock opened at $82.97 on Monday. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $14.27 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The firm’s 50 day simple moving average is $89.66 and its 200 day simple moving average is $91.44.

Textron (NYSE:TXT) last announced 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 firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 dividend yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s dividend payout ratio (DPR) is 1.51%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TXT shares. TD Cowen reduced their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. JPMorgan Chase & Co. raised 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. UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

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.