28,453 Shares in Textron Inc. $TXT Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in Textron Inc. (NYSE:TXT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,453 shares of the aerospace company’s stock, valued at approximately $2,565,000.

Several other institutional investors and hedge funds have also bought and sold shares of TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 buying an additional 1,709 shares in the last quarter. Empowered Funds LLC raised its position in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after buying an additional 1,265 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Textron by 18.0% during the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 735 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Textron during the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. boosted its position in shares of Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after acquiring an additional 2,548 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of NYSE:TXT opened at $83.19 on Monday. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.21 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 firm has a 50 day simple moving average of $88.74 and a 200 day simple moving average of $91.08. Textron Inc. has a one year low of $78.12 and a one year high of $101.57.

Textron (NYSE:TXT) last issued its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share 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 analyst estimates 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 quarter last year, the business posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts predict that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.51%.

Wall Street Analysts Forecast Growth

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