Textron Inc. (TXT) to Issue Quarterly Dividend of $0.02 on October 1st

Textron Inc. (NYSE:TXT) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Friday, September 11th will be given a dividend of 0.02 per share by the aerospace company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th.

Textron has a payout ratio of 1.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Textron to earn $7.32 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 1.1%.

Textron Stock Up 0.5%

Shares of NYSE:TXT opened at $79.46 on Wednesday. Textron has a 52-week low of $78.12 and a 52-week high of $101.57. The stock has a market cap of $13.67 billion, a P/E ratio of 14.99, a PEG ratio of 1.15 and a beta of 0.90. The business has a fifty day moving average of $87.42 and a two-hundred day moving average of $90.15. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last announced its quarterly 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 net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The company’s 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, research analysts expect that Textron will post 6.5 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on TXT shares. Morgan Stanley set a $98.00 price target on shares of Textron in a research note on Wednesday, July 29th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen lowered their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. 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, UBS Group reiterated a “neutral” rating and issued a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.