Varenne Capital Partners Makes New $5.79 Million Investment in Textron Inc. $TXT

Varenne Capital Partners purchased a new stake in Textron Inc. (NYSE:TXT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,169 shares of the aerospace company’s stock, valued at approximately $5,790,000. Textron makes up 1.0% of Varenne Capital Partners’ holdings, making the stock its 19th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its position in Textron by 4.0% during the second quarter. Wedmont Private Capital now owns 4,896 shares of the aerospace company’s stock worth $445,000 after acquiring an additional 187 shares during the last quarter. AlphaGrep UK Ltd acquired a new position in shares of Textron during the 2nd quarter worth approximately $377,000. Syon Capital LLC lifted its stake in Textron by 8.8% in the 2nd quarter. Syon Capital LLC now owns 7,237 shares of the aerospace company’s stock valued at $664,000 after buying an additional 584 shares in the last quarter. Nykredit A S purchased a new stake in Textron in the 2nd quarter valued at approximately $2,948,000. Finally, Ancora Advisors LLC grew its holdings in Textron by 15.5% during the 2nd quarter. Ancora Advisors LLC now owns 3,460 shares of the aerospace company’s stock valued at $317,000 after buying an additional 464 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Performance

Textron stock opened at $78.92 on Monday. The firm has a market capitalization of $13.57 billion, a P/E ratio of 14.89, a PEG ratio of 1.15 and a beta of 0.90. The stock has a fifty day moving average price of $87.89 and a 200 day moving average price of $90.45. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The company has a current ratio of 1.86, a quick ratio of 0.85 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company earned $1.55 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, July 13th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

Textron 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.