Tocqueville Asset Management L.P. Buys Shares of 6,130 Textron Inc. $TXT

Tocqueville Asset Management L.P. acquired a new stake in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,130 shares of the aerospace company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after acquiring an additional 1,709 shares during the last quarter. Empowered Funds LLC lifted its position in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after purchasing an additional 1,265 shares during the period. Focus Partners Wealth boosted its stake in shares of Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Textron in the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. boosted its holdings in Textron by 15.3% during the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after buying an additional 2,548 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

NYSE TXT opened at $82.97 on Friday. The company has a fifty day moving average of $89.66 and a two-hundred day moving average of $91.41. The company has a market capitalization of $14.27 billion, a PE ratio of 15.65, a P/E/G ratio of 1.23 and a beta of 0.91. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

Textron (NYSE:TXT) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $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 year.

Textron Announces Dividend

The firm 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. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is presently 1.51%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXT. UBS Group reiterated a “neutral” rating and set a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One equities research 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 company. Based on data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and a consensus price target 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.