Northwestern Mutual Wealth Management Co. Purchases Shares of 9,897 Textron Inc. $TXT

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,897 shares of the aerospace company’s stock, valued at approximately $908,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Textron by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after buying an additional 1,709 shares during the period. Empowered Funds LLC grew its stake in Textron by 6.3% in the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after acquiring an additional 1,265 shares during the period. Focus Partners Wealth increased its holdings in shares of Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock valued at $348,000 after acquiring an additional 735 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Textron during the second quarter valued at approximately $453,000. Finally, Baird Financial Group Inc. raised its position in shares of Textron by 15.3% during the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares during the period. Institutional investors own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TXT shares. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. TD Cowen decreased their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.44.

Textron Stock Down 0.3%

TXT stock opened at $81.89 on Wednesday. The firm has a market capitalization of $14.08 billion, a PE ratio of 15.45, a P/E/G ratio of 1.19 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. Textron Inc. has a twelve month low of $78.12 and a twelve month high of $101.57. The stock’s 50 day moving average is $89.19 and its 200-day moving average is $91.33.

Textron (NYSE:TXT) last announced its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Textron’s revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.02 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is presently 1.51%.

Textron Company 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.