Vise Technologies Inc. Invests $905,000 in Textron Inc. $TXT

Vise Technologies Inc. acquired a new position in Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,865 shares of the aerospace company’s stock, valued at approximately $905,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Textron by 13.3% in the 1st 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 during the last quarter. Empowered Funds LLC lifted its holdings in shares of Textron by 6.3% during the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after acquiring an additional 1,265 shares during the last quarter. Focus Partners Wealth grew its position in 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 acquiring an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Textron in the second quarter worth $453,000. Finally, Baird Financial Group Inc. increased its stake in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after acquiring an additional 2,548 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Up 0.0%

TXT opened at $82.97 on Monday. Textron Inc. has a 12 month low of $78.12 and a 12 month high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $89.66 and its 200-day moving average price is $91.44. The company has a market cap 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.

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 the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the business posted $1.55 EPS. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TXT shares. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. UBS Group reiterated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. boosted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.44.

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.