Evolve Private Wealth LLC Makes New Investment in Textron Inc. $TXT

Evolve Private Wealth LLC acquired a new position in Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,826 shares of the aerospace company’s stock, valued at approximately $902,000.

A number of other hedge funds have also recently modified their holdings of TXT. Goldman Sachs Group Inc. boosted its stake in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after acquiring an additional 218,201 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Textron by 10.7% in the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after purchasing an additional 15,159 shares in the last quarter. National Pension Service raised its holdings in Textron by 17.5% in the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after purchasing an additional 14,701 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Textron during the fourth quarter worth approximately $9,544,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Textron during the 4th quarter worth approximately $18,521,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. UBS Group reiterated a “neutral” rating and set a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Textron Stock Up 0.0%

Shares of NYSE TXT opened at $82.97 on Monday. The company has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a 50 day simple moving average of $89.66 and a 200-day simple moving average of $91.44. Textron Inc. has a 1 year low of $78.12 and a 1 year 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, beating analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

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