399,545 Shares in Textron Inc. $TXT Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 399,545 shares of the aerospace company’s stock, valued at approximately $36,650,000.

A number of other large investors also recently bought and sold shares of TXT. Motley Fool Asset Management LLC increased its position in shares of Textron by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after acquiring an additional 106 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Textron by 22.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 119 shares during the last quarter. Capital Management Corp VA lifted its holdings in shares of 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 acquiring an additional 120 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Textron by 24.5% during the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after purchasing an additional 124 shares during the period. Finally, Essex Financial Services Inc. boosted its position in shares of Textron by 4.9% during the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Up 1.0%

Shares of TXT stock opened at $83.19 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a market capitalization of $14.31 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The company has a 50 day moving average price of $88.74 and a 200 day moving average price of $91.11. Textron Inc. has a fifty-two week low of $78.12 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts predict that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on TXT shares. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One research 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’s stock. Based on data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average 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.