19,379 Shares in Textron Inc. $TXT Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Textron Inc. (NYSE:TXT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,379 shares of the aerospace company’s stock, valued at approximately $1,778,000.

Several other hedge funds have also recently added to or reduced their stakes in TXT. Motley Fool Asset Management LLC boosted its holdings in shares of Textron by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 106 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after buying an additional 119 shares in the last quarter. Capital Management Corp VA lifted its position in Textron by 1.0% in the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its position in Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after buying an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its stake in Textron by 4.9% in the first quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $237,000 after buying an additional 127 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD Cowen reduced their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $98.00 target price on shares of Textron in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Up 1.8%

Shares of Textron stock opened at $83.26 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a 52-week low of $78.12 and a 52-week high of $101.57. The company’s 50 day moving average price is $89.00 and its 200-day moving average price is $91.26. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.19 and a beta of 0.91.

Textron (NYSE:TXT) last posted its quarterly 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 company had revenue of $3.83 billion during 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 firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts forecast that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.02 dividend. 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 presently 1.51%.

Textron 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.