Asset Management One Co. Ltd. Purchases 609 Shares of Textron Inc. $TXT

Asset Management One Co. Ltd. grew its position in shares of Textron Inc. (NYSE:TXT) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,072 shares of the aerospace company’s stock after buying an additional 609 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Textron were worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Textron by 31.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,424 shares of the aerospace company’s stock worth $2,776,000 after purchasing an additional 9,082 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Textron by 16.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,193 shares of the aerospace company’s stock worth $1,474,000 after purchasing an additional 2,803 shares during the period. LPL Financial LLC raised its holdings in Textron by 4.9% in the 1st quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock worth $6,483,000 after purchasing an additional 4,204 shares during the period. Jupiter Asset Management Ltd. bought a new position in Textron in the 1st quarter worth $545,000. Finally, TD Asset Management Inc raised its holdings in Textron by 2.2% in the 1st quarter. TD Asset Management Inc now owns 965,755 shares of the aerospace company’s stock worth $69,776,000 after purchasing an additional 20,733 shares during the period. 86.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on TXT. Susquehanna raised their target price on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. UBS Group decreased their target price on Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen decreased their target price on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Textron currently has a consensus rating of “Hold” and an average price target of $92.15.

Textron Price Performance

NYSE:TXT opened at $79.98 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $82.36 and its two-hundred day simple moving average is $78.43. The stock has a market cap of $14.09 billion, a PE ratio of 17.58, a P/E/G ratio of 1.30 and a beta of 1.13. Textron Inc. has a 52 week low of $57.70 and a 52 week high of $89.28.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.76%.

Textron Company 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.