Textron Inc. $TXT Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in Textron Inc. (NYSE:TXT) by 92.0% in the 3rd quarter, Holdings Channel reports. The firm owned 18,404 shares of the aerospace company’s stock after purchasing an additional 8,817 shares during the quarter. IFM Investors Pty Ltd’s holdings in Textron were worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC grew its holdings in shares of Textron by 133.1% in 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 during the period. Millennium Management LLC boosted its position in Textron by 128.7% during 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. Baxter Bros Inc. grew its holdings in Textron by 45.8% in the third quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock valued at $3,368,000 after purchasing an additional 12,530 shares during the last quarter. Ethic Inc. increased its position in shares of Textron by 9.4% in the second quarter. Ethic Inc. now owns 4,312 shares of the aerospace company’s stock valued at $346,000 after buying an additional 372 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Textron during the 1st quarter worth $3,544,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Shares of TXT opened at $90.19 on Friday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $91.22. The company’s 50 day simple moving average is $83.42 and its 200 day simple moving average is $82.02. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84.

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

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors 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 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.76%.

Wall Street Analysts Forecast Growth

TXT has been the topic of a number of research reports. TD Cowen lowered their price objective on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $90.00 price target on shares of Textron in a research report on Monday, October 27th. Citigroup started coverage on shares of Textron in a research note on Thursday, December 11th. They set a “neutral” rating and a $91.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Textron in a report on Monday. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $90.92.

About Textron

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.