Vise Technologies Inc. Takes Position in Textron Inc. $TXT

Vise Technologies Inc. bought a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,410 shares of the aerospace company’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TXT. Envestnet Asset Management Inc. increased its holdings in Textron by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 131,973 shares of the aerospace company’s stock worth $9,535,000 after buying an additional 1,084 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Textron by 30.9% during the first quarter. Signaturefd LLC now owns 3,871 shares of the aerospace company’s stock worth $280,000 after buying an additional 914 shares during the last quarter. Apollon Wealth Management LLC grew its position in Textron by 6.4% in the 1st quarter. Apollon Wealth Management LLC now owns 3,599 shares of the aerospace company’s stock worth $260,000 after purchasing an additional 215 shares during the last quarter. Dakota Wealth Management acquired a new stake in Textron during the first quarter worth about $256,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Textron by 34.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 120,672 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 30,892 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Cowen lowered their price objective on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Barclays upped their price objective on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. lowered their target price on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, October 27th. UBS Group decreased their price target on shares of Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $90.00 price objective on shares of Textron in a research note on Monday, October 27th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.15.

Textron Stock Down 1.0%

TXT stock opened at $80.66 on Friday. The business has a 50-day moving average of $82.46 and a 200-day moving average of $79.66. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $87.94. The stock has a market capitalization of $14.21 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.30 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 0.86.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s payout ratio is presently 1.76%.

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.