Amundi Buys 6,177 Shares of Textron Inc. $TXT

Amundi boosted its stake in shares of Textron Inc. (NYSE:TXT) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,269 shares of the aerospace company’s stock after buying an additional 6,177 shares during the quarter. Amundi owned approximately 0.06% of Textron worth $7,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXT. Banque Cantonale Vaudoise bought a new stake in Textron during the 1st quarter valued at about $25,000. Harvest Fund Management Co. Ltd lifted its holdings in Textron by 100.0% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock valued at $39,000 after buying an additional 262 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in Textron during the 1st quarter valued at about $41,000. Federated Hermes Inc. lifted its holdings in Textron by 48.8% during the 1st quarter. Federated Hermes Inc. now owns 802 shares of the aerospace company’s stock valued at $58,000 after buying an additional 263 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Textron by 123.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company’s stock valued at $61,000 after buying an additional 465 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TXT. Morgan Stanley boosted their price target on shares of Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $85.00 price objective (down from $95.00) on shares of Textron in a report on Tuesday, July 1st. Jefferies Financial Group restated a “buy” rating and set a $95.00 price objective (up from $85.00) on shares of Textron in a research report on Thursday, June 12th. Susquehanna upped their target price on shares of Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Finally, Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 6th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.67.

Insider Transactions at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $79.37, for a total value of $2,265,457.91. Following the transaction, the executive vice president directly owned 37,624 shares of the company’s stock, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Textron Stock Up 0.5%

TXT stock opened at $80.90 on Thursday. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $91.30. The company’s 50 day moving average is $80.96 and its two-hundred day moving average is $75.55. The stock has a market cap of $14.42 billion, a P/E ratio of 18.30, a PEG ratio of 1.31 and a beta of 1.14.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Textron had a net margin of 5.80% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts expect that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 12th. Textron’s payout ratio is currently 1.81%.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.