Varenne Capital Partners Makes New $5.79 Million Investment in Textron Inc. $TXT

Varenne Capital Partners purchased a new position in shares of Textron Inc. (NYSE:TXT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,169 shares of the aerospace company’s stock, valued at approximately $5,790,000. Textron makes up about 1.0% of Varenne Capital Partners’ holdings, making the stock its 19th biggest holding.

A number of other institutional investors have also modified their holdings of the company. Corient Private Wealth LP purchased a new position in shares of Textron during the 2nd quarter worth $10,329,000. Goldman Sachs Group Inc. grew its position in shares of Textron by 22.4% in 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 purchasing an additional 218,201 shares during the period. National Pension Service increased its stake in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after purchasing an additional 14,701 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Textron in the fourth quarter valued at $9,544,000. Finally, Jefferies Financial Group Inc. purchased a new position in Textron during the fourth quarter worth about $18,521,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

TXT stock opened at $78.92 on Monday. The company has a market cap of $13.57 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. 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 stock has a 50-day moving average price of $87.89 and a two-hundred day moving average price of $90.45. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, research analysts predict that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

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

Analyst Upgrades and Downgrades

TXT has been the topic of a number of research analyst reports. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $95.00 price objective on shares of Textron in a report on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Morgan Stanley set a $98.00 target price on shares of Textron in a report on Wednesday, July 29th. Finally, TD Cowen dropped their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and a consensus target price of $102.44.

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.