Deutsche Bank AG Takes $67.82 Million Position in Textron Inc. $TXT

Deutsche Bank AG acquired a new stake in Textron Inc. (NYSE:TXT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 739,330 shares of the aerospace company’s stock, valued at approximately $67,819,000.

Several other hedge funds have also added to or reduced their stakes in TXT. Activest Wealth Management lifted its holdings in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new position in Textron in the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron in the first quarter worth about $29,000. Elyxium Wealth LLC acquired a new stake in shares of Textron during the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC acquired a new stake in shares of Textron during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. JPMorgan Chase & Co. raised their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Morgan Stanley set a $98.00 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 report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report 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 assigned a Hold rating to the company. According to MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Performance

Shares of Textron stock opened at $84.43 on Friday. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91. The stock’s 50-day moving average is $89.85 and its 200-day moving average is $91.47. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

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

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 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.