104,510 Shares in Textron Inc. $TXT Acquired by Danske Bank A S

Danske Bank A S acquired a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 104,510 shares of the aerospace company’s stock, valued at approximately $9,587,000.

A number of other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its position in shares of Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Textron in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in Textron during the first quarter valued at approximately $29,000. Elyxium Wealth LLC bought a new stake in Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC purchased a new stake in Textron during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Down 1.7%

Shares of NYSE TXT opened at $82.97 on Friday. The business’s 50 day moving average is $89.66 and its two-hundred day moving average is $91.41. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The stock has a market capitalization of $14.27 billion, a P/E ratio of 15.65, a PEG ratio of 1.23 and a beta of 0.91.

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

Textron Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reiterated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Morgan Stanley set a $98.00 target price on shares of Textron in a report on Wednesday, July 29th. Finally, TD Cowen decreased their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and a consensus price target of $102.44.

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.