Charles Schwab Investment Management Inc. Buys 23,635 Shares of Textron Inc. $TXT

Charles Schwab Investment Management Inc. increased its stake in Textron Inc. (NYSE:TXT) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,698,580 shares of the aerospace company’s stock after purchasing an additional 23,635 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.95% of Textron worth $136,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TXT. LPL Financial LLC raised its position in Textron by 4.9% in the 1st quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock valued at $6,483,000 after buying an additional 4,204 shares during the last quarter. Callan Family Office LLC grew its stake in shares of Textron by 133.1% during the 2nd quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock worth $631,000 after acquiring an additional 4,490 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Textron in the first quarter valued at approximately $545,000. Millennium Management LLC lifted its position in shares of Textron by 128.7% in the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock worth $80,416,000 after purchasing an additional 626,346 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Textron during the first quarter worth $304,000. Institutional investors own 86.03% of the company’s stock.

Textron Trading Up 0.3%

Shares of TXT stock opened at $83.14 on Friday. The stock has a market cap of $14.65 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $87.94. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $82.31 and a 200 day simple moving average of $80.32.

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

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued 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, December 12th. Textron’s dividend payout ratio (DPR) is currently 1.76%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXT. UBS Group decreased their target price on shares of Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Sanford C. Bernstein restated a “market perform” rating and set a $90.00 price objective on shares of Textron in a research note on Monday, October 27th. JPMorgan Chase & Co. lowered their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. TD Cowen dropped 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.15.

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.