Corient Private Wealth LP Invests $10.33 Million in Textron Inc. $TXT

Corient Private Wealth LP acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 112,598 shares of the aerospace company’s stock, valued at approximately $10,329,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXT. Goldman Sachs Group Inc. raised its position in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after buying an additional 218,201 shares in the last quarter. New York State Teachers Retirement System grew its position in Textron by 10.7% in the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares in the last quarter. National Pension Service grew its position in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after acquiring an additional 14,701 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Textron in the fourth quarter valued at $9,544,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Textron during the fourth quarter valued at about $18,521,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

Shares of NYSE:TXT opened at $83.19 on Friday. The stock has a market cap of $14.31 billion, a PE ratio of 15.70, a PEG ratio of 1.21 and a beta of 0.91. The company’s fifty day moving average is $88.74 and its 200 day moving average is $91.11. Textron Inc. has a 52 week low of $78.12 and a 52 week 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 posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid 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 1.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TXT shares. UBS Group reaffirmed a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday, July 29th. 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 assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.44.

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.