The Manufacturers Life Insurance Company Purchases Shares of 87,706 Textron Inc. $TXT

The Manufacturers Life Insurance Company acquired a new stake in shares of Textron Inc. (NYSE:TXT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 87,706 shares of the aerospace company’s stock, valued at approximately $8,045,000.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Textron by 13.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after purchasing an additional 1,709 shares during the last quarter. Empowered Funds LLC boosted its holdings in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 1,265 shares in the last quarter. Focus Partners Wealth grew its position in Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Textron in the second quarter valued at $453,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after buying an additional 2,548 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the subject of several research reports. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Performance

TXT stock opened at $83.19 on Monday. The firm has a 50 day simple moving average of $88.74 and a 200 day simple moving average of $91.08. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The stock has a market cap of $14.31 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.21 and a beta of 0.91. 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 (NYSE:TXT) last released its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm earned $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. Research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid 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 dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is 1.51%.

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.