Coldstream Capital Management Inc. Has $317,000 Holdings in Textron Inc. $TXT

Coldstream Capital Management Inc. decreased its holdings in shares of Textron Inc. (NYSE:TXT) by 34.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,950 shares of the aerospace company’s stock after selling 2,112 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Textron were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in shares of Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after buying an additional 213 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Textron during the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new position in Textron in the first quarter valued at approximately $25,000. Harvest Fund Management Co. Ltd grew its stake in Textron by 100.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 262 shares in the last quarter. Finally, Addison Advisors LLC bought a new stake in shares of Textron during the 2nd quarter worth approximately $43,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Up 1.4%

TXT opened at $84.20 on Friday. The stock has a fifty day moving average of $82.32 and a 200-day moving average of $80.37. The company has a market capitalization of $14.84 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.30 and a beta of 1.13. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $87.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is currently 1.76%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXT shares. UBS Group decreased their target price on shares of Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price objective on shares of Textron in a research report on Monday, October 27th. TD Cowen lowered their price target on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.15.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.