Pallas Capital Advisors LLC Purchases New Holdings in Textron Inc. $TXT

Pallas Capital Advisors LLC purchased a new stake in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,151 shares of the aerospace company’s stock, valued at approximately $1,390,000.

Other hedge funds also recently modified their holdings of the company. 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 purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust lifted its position in Textron by 22.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 119 shares during the period. Capital Management Corp VA boosted its stake in Textron by 1.0% during the fourth 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 in the last quarter. Root Financial Partners LLC boosted its stake in Textron by 24.5% during the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after buying an additional 124 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after buying an additional 127 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.5%

NYSE TXT opened at $87.24 on Wednesday. The firm has a market cap of $15.00 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The stock’s 50 day simple moving average is $90.14 and its 200 day simple moving average is $91.50. 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 released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The firm 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%.The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared 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. 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 payout ratio is currently 1.51%.

Wall Street Analyst Weigh In

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

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.