Textron Inc. (NYSE:TXT) Plans Quarterly Dividend of $0.02

Textron Inc. (NYSE:TXT) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 13th will be given a dividend of 0.02 per share by the aerospace company on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, March 13th.

Textron has a dividend payout ratio of 1.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Textron to earn $6.68 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 1.2%.

Textron Price Performance

Shares of NYSE TXT traded down $2.34 during mid-day trading on Wednesday, hitting $96.65. 454,538 shares of the stock were exchanged, compared to its average volume of 1,939,792. The stock’s fifty day simple moving average is $92.79 and its two-hundred day simple moving average is $85.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. Textron has a twelve month low of $57.70 and a twelve month high of $101.57. The company has a market cap of $16.83 billion, a P/E ratio of 18.89, a PEG ratio of 1.49 and a beta of 0.99.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.Textron’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron will post 6.12 EPS for the current fiscal year.

Insider Buying and Selling at Textron

In other news, Chairman Scott C. Donnelly sold 219,619 shares of Textron stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the sale, the chairman directly owned 742,418 shares of the company’s stock, valued at approximately $73,061,355.38. The trade was a 22.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the sale, the executive vice president owned 37,039 shares in the company, valued at approximately $3,655,749.30. This trade represents a 34.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 304,473 shares of company stock worth $29,976,723. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Textron

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC increased its stake in shares of Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after buying an additional 237 shares during the period. Assetmark Inc. raised its holdings in shares of Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares in the last quarter. Activest Wealth Management lifted its position in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new position in shares of Textron during the fourth quarter valued at approximately $26,000. Finally, Atlantic Union Bankshares Corp bought a new position in Textron in the second quarter worth approximately $27,000. 86.03% of the stock is owned by institutional investors.

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.