Commerce Bank Invests $5.44 Million in Textron Inc. $TXT

Commerce Bank bought a new stake in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 59,303 shares of the aerospace company’s stock, valued at approximately $5,440,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Textron in the second quarter worth $1,434,125,000. AQR Capital Management LLC lifted its stake in shares of Textron by 51.1% in the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after acquiring an additional 1,811,787 shares during the period. Bank of New York Mellon Corp acquired a new stake in Textron in the second quarter worth approximately $105,946,000. Great Lakes Advisors LLC acquired a new stake in shares of Textron in the second quarter valued at $81,224,000. Finally, Deutsche Bank AG bought a new position in Textron during the second quarter valued at about $67,819,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Price Performance

TXT opened at $82.97 on Monday. The stock has a fifty day moving average of $89.66 and a 200-day moving average of $91.44. The firm has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a PEG ratio of 1.20 and a beta of 0.91. Textron Inc. has a 12-month low of $78.12 and a 12-month high of $101.57. 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 issued 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 business had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts forecast that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s dividend payout ratio (DPR) is 1.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen cut their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley set a $98.00 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 assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Textron currently 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.