Ieq Capital LLC Purchases New Position in Textron Inc. $TXT

Ieq Capital LLC acquired a new stake in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 225,906 shares of the aerospace company’s stock, valued at approximately $20,722,000. Ieq Capital LLC owned about 0.13% of Textron at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Motley Fool Asset Management LLC lifted its holdings in shares of Textron by 3.7% in the 4th quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after acquiring an additional 106 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Textron by 22.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after buying an additional 119 shares during the period. Capital Management Corp VA grew its stake in shares of Textron by 1.0% during the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its stake 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 acquiring an additional 124 shares during the last quarter. Finally, Essex Financial Services Inc. grew its position 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 acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

TXT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group reissued a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Price Performance

NYSE TXT opened at $82.97 on Friday. The company has a market cap of $14.27 billion, a PE ratio of 15.65, a P/E/G ratio of 1.23 and a beta of 0.91. The firm’s 50 day moving average price is $89.66 and its 200-day moving average price is $91.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron Inc. has a 52-week low of $78.12 and a 52-week high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. Textron’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend 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 presently 1.51%.

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.